Fastly Announces Conversion of Class B Common Stock into Class A Common Stock

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Jul 12, 2021

Fastly%2C+Inc. (NYSE: FSLY), provider of an edge cloud platform, today announced that all outstanding shares of its Class B common stock automatically converted into Class A common stock on a one-for-one basis, effective at 5:00 p.m. ET on July 12, 2021. The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock, except for the elimination of the different voting powers of the two classes of stock. Fastly does not expect it to have any material effect on its future operations.