---
schema_version: "secwatch.filing_event.v1"
accession: "0001517413-23-000074"
form_type: "8-K"
ticker: "FSLY"
cik: "0001517413"
company_name: "Fastly, Inc."
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:41:57.937428+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Fastly grants founder Artur Bergman performance stock option for 2.3M shares tied to stock price milestones

## Summary
- Nonstatutory stock option to purchase 2,296,000 shares (≈1.81% of outstanding) at $16.41 per share.
- Option vests in four tranches of 574,000 shares each upon achieving stock price milestones ($17.25, $23.00, $34.50, $46.00).
- Upon stockholder approval, Bergman's base salary is reduced to ~$35,965/year and he forfeits 24,143 RSUs.
- Award subject to stockholder approval at the 2023 annual meeting; otherwise expires and shares are unavailable.
- Performance period from Sep 1, 2022 to Sep 6, 2027; milestones based on 60-day average closing price.

## SEC filing metadata
- accession: 0001517413-23-000074
- form_type: 8-K
- ticker: FSLY
- cik: 0001517413
- company_name: Fastly, Inc.
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000074/0001517413-23-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1517413/000151741323000074/fsly-20230412.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001517413-23-000074
- JSON: https://secwatch.observer/filing/0001517413-23-000074.json
- Plain text: https://secwatch.observer/filing/0001517413-23-000074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.