FSLY Form 144 Reports Proposed Sale and Recent Insider Dispositions
Rhea-AI Filing Summary
Fastly, Inc. Rule 144 notice for proposed and recent insider sales. The filing shows a proposed sale of 616 shares of Common stock to be executed on 09/03/2025 through E*TRADE Securities; the filing lists an aggregate market value for those shares of 4466. The securities were acquired on 08/15/2025 as restricted shares from Fastly, Inc. The form also discloses two prior sales by Scott Lovett: 127,608 Class A shares on 06/17/2025 for gross proceeds of 886,875.6, and 9,076 Class A shares on 08/18/2025 for 62,442.88. The issuer’s total shares outstanding are listed as 148,788,543 and the securities exchange is NYSE.
Positive
- Compliance: The filer provided required Rule 144 details including acquisition dates, broker information, and attestation.
- Transparency: Prior large sales by Scott Lovett are disclosed with dates and gross proceeds, allowing investor visibility.
Negative
- Insider selling: Substantial prior dispositions reported (127,608 and 9,076 shares) which may be viewed unfavorably by some investors.
Insights
TL;DR: Insider sales disclosed; proposed small sale follows large prior dispositions, documentation is compliant with Rule 144 reporting.
The filing documents a proposed sale of 616 restricted shares and reports two recent significant sales by Scott Lovett totaling 136,684 Class A shares that generated combined gross proceeds of 949,318.48. Relative to the issuer's 148,788,543 shares outstanding, the prior sales represent a small percentage of total outstanding stock. The notice includes acquisition dates and sale dates, broker details, and required attestation about material nonpublic information.
TL;DR: Disclosure appears complete for a Rule 144 notice; no new governance actions or material issuer events disclosed.
The document provides the mechanics of the proposed sale and prior transactions, identifies the broker and marketplace, and contains the required attestation by the seller regarding material nonpublic information. The filing does not disclose changes in management, related-party transactions beyond the sales, or issuer-level governance developments.