[144] Fastly, Inc. SEC Filing
Fastly, Inc. (FSLY) Form 144 notifies the market of a proposed sale of 2,939 common shares to be executed through E*TRADE on 09/03/2025 on the NYSE. The shares were acquired on 08/15/2025 as restricted stock from Fastly. The filing lists prior sales by the same seller, Charles L. Compton III, totaling 28,897 Class A shares across three transactions in July–August 2025 that generated aggregate gross proceeds of approximately $199,588. The filer certifies no undisclosed material adverse information.
- Compliance disclosure completed under Rule 144, providing transparency on proposed insider sales
- Proposed sale size is small relative to the issuer's reported outstanding share count (148,788,543)
- Multiple recent insider sales by Charles L. Compton III totaling 28,897 shares in July–August 2025 could be perceived negatively by some investors
- Seller has already realized approximately $199,588 in gross proceeds from recent disposals, which may raise questions about ongoing insider selling
Insights
TL;DR Routine insider sale notice for a small block of recently acquired restricted shares; prior larger disposals by the same person are disclosed.
The Form 144 documents a proposed disposal of 2,939 common shares acquired as restricted stock on 08/15/2025, to be sold on 09/03/2025 via E*TRADE. The filing also reports three prior Class A sales by Charles L. Compton III in July–August 2025 totaling 28,897 shares and roughly $199,588 gross proceeds. From a market-impact perspective, the new proposed sale appears modest relative to total outstanding shares (148,788,543 reported), indicating limited dilution or market pressure from this single notice. The explicit representation that no material nonpublic information exists is standard and relevant for compliance.
TL;DR Disclosure complies with Rule 144 requirements; repeated insider sales merit monitoring but are procedural in this filing.
The filing provides required Rule 144 disclosure: holder identity, acquisition as restricted stock, number of shares proposed for sale, and recent sale history by the same person. The existence of multiple recent sales by the same individual is noteworthy from a governance and signaling standpoint, though the proposed 2,939-share sale represents a very small fraction of the issuer's reported outstanding shares (148,788,543). There is no indication in the form of any undisclosed adverse information, and the signature/attestation language is included as required.