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No. of Recommendations: 5
Bergman's sales of FSLY are 12b5-1 plan sales - prearranged, regular sales at set intervals. He set in motion a diversification plan a while ago. It really means almost nothing. All his advisors would have urged him to do it. He still owns over a $.5 billion in FSLY.

Bixby is like most non-founder CEOs. FSLY shares are viewed as comp and are sold when they vest. (I'm not a CEO, and I certainly view my stock options this way.) This is also the prudent approach because if your shares vest (and are income at vesting price) and then drop you pay more tax than they are worth. Too much of a gamble. Some plans are set up to auto sell shares to pay a withholding amount.

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