Fastly CTO Art Bergman Off‑Balance‑Sheet Sale: 40,000 Shares at $10.27 Highlights Insider Selling Amid Volatile Stock and Negative P/E — Is Confidence Still There?

Insider Selling at Fastly: What the Numbers Say

Fastly Inc. saw a sizable off‑balance‑sheet sale on January 5, 2026, when Chief Technology Officer Art Bergman sold 40,000 Class A shares through a Rule 10b‑5‑1 trading plan. The average sale price of $10.27 fell just below the current market price of $10.54, a 0.05 % discount. With the stock hovering near its 52‑week low, the sale is a modest drag on a company that has been trading in a tight range for the past year. Market sentiment is mildly bullish (sentiment +7) and the buzz around the trade is 15.75 %, indicating that the transaction is not sparking a flare‑up in social media chatter.

Investor Takeaway: Confidence or Concern?

From an investor’s point of view, a single 40,000‑share sale is unlikely to move the market, but the context matters. Fastly’s equity has been highly volatile: the price dipped from a 52‑week high of $12.59 to a low of $4.65, and the company’s P/E ratio remains negative at –10.55, underscoring its ongoing profitability challenges. The sale is part of a broader pattern of frequent, smaller “run‑of‑the‑mill” transactions that have kept Bergman’s holdings near 2.7 million shares. If the trend continues, it could signal that executives are cash‑conscious rather than optimistic about near‑term upside. For value‑oriented investors, the current price of $10.07 represents a modest upside from the 52‑week low, but the lack of earnings growth and high volatility should temper enthusiasm.

A Profile of Art Bergman

Art Bergman has sold roughly 1.5 million shares in 2025, averaging $9.80 per share—below the year’s average. His trades are almost exclusively “sell” and executed through a Rule 10b‑5‑1 plan, suggesting a disciplined, rule‑based approach rather than opportunistic trading. His holdings have remained stable at ~2.7 million shares, implying that the bulk of his exposure is held in long‑term trusts and remainder trusts. The trust structure also limits the ability of external observers to gauge his true market exposure. Historically, Bergman’s trades have trended downward in price, hinting at a potential belief that the current price may not reflect intrinsic value or that he is managing personal liquidity needs.

What This Means for Fastly’s Future

Fastly’s core business—edge computing and cloud infrastructure—still positions it well in a growing market. However, the consistent insider selling, coupled with a negative earnings picture, raises questions about the company’s near‑term trajectory. If insiders continue to reduce holdings, it may erode investor confidence, especially in a sector that demands consistent capital to compete with larger cloud players. Conversely, if the company can demonstrate a path to profitability and scale its services, the current discount could provide a buying opportunity for contrarian investors. The key will be monitoring whether Fastly can stabilize earnings and execute on its roadmap while keeping insider activity at a manageable level.