Home / Cloud Computing / Cloud Computing: These are the 7 board members who stand to gain the most from Fastly’s epic rally (FSLY)

Cloud Computing: These are the 7 board members who stand to gain the most from Fastly’s epic rally (FSLY)

Cloud Computing:

Fastly


Fastly has had quite the year. In addition to surging more than 307% from January through Thursday’s close, the company this week overtook Zoom as the best-performing work-from-home stock of the pandemic.

From the market’s February 19 high through Thursday, Fastly has gained 237%, outpacing Zoom’s nearly 150% jump in the same time period.

Fastly is a cloud computing services provider that counts businesses such as Slack and Spotify as clients and Amazon and Google as top competitors. The company has jumped amid the coronavirus pandemic because analysts have identified it as a main beneficiary of increased numbers of work-from-home employees as a result of stay-at-home orders.

Read more:The chief strategist of $2.5 trillion State Street recommends 7 ETFs for investors looking to profit from a permanently altered post-coronavirus landscape

The company’s stock has been on an upward trajectory since its May 2019 initial public offering, when it spiked 60% in its first day of trading as investors piled into the shares.

Fastly has taken advantage of the recent surge in its share price. In May, the company sold an additional 6 million shares at $41.50 each. As of Thursday’s close, the stock has gained nearly 97%.

Fastly’s board of directors stand to gain the most from the stock’s epic run-up – all seven members currently hold shares. To be sure, Fastly’s board members would have to sell part of their positions to reap any of the stock’s recent gains.

Here’s how many shares each of Fastly’s board members hold, according to SEC filings, and how much each stake is worth based on the closing price of $81.67 on Thursday, June 25. The board members are ranked in order of smallest to largest stake.



7. Kelly Breslin Wright

LinkedIn/ Kelly Wright

Title: Director

Number of shares held: 3,844

Value (as of close on 6/25/20): $314,000

Source: Bloomberg data, SEC filings



6. Chris Paisley

LinkedIn/ Chris Paisley

Title: Director

Number of shares held: 3,844

Value (as of close on 6/25/20): $314,000

Source: Bloomberg data, SEC filings



5. Aida Álvarez

Ethan Miller / Getty Images

Title: Director

Number of shares held: 12,036

Value (as of close on 6/25/20): $983,000

Source: Bloomberg data, SEC filings



4. Joshua Bixby

LinkedIn/ Joshua Bixby

Title: Director, CEO and former President

Number of shares held: 349,409

Value (as of close on 6/25/20): $28.5 million

Source: Bloomberg data, SEC filings



3. David Hornik

Title: Lead Independent Director

Number of shares held: 351,125

Value (as of close on 6/25/20): $29 million

Source: Bloomberg data, SEC filings



2. Artur Bergman

Fastly

Title: Executive Chairperson

Number of shares held: 479,342

Value (as of close on 6/25/20): $39 million

Source: Bloomberg data, SEC filings



1. Sunil Dhaliwal

LinkedIn/ Sunil Dhaliwal

Title: Director

Number of shares held: 555,705

Value (as of close on 6/25/20): $45 million

Source: Bloomberg data, SEC filings


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