FSLY Form 144 Discloses RSU Sale and Recent Insider Sales

Rhea-AI Filing Summary

Form 144 filed for Fastly, Inc. (FSLY) shows a proposed sale of 42,172 common shares through Morgan Stanley Smith Barney with an aggregate market value of $355,088.24, listed for an approximate sale date of 09/17/2025 on the NYSE. The filing reports these shares were acquired as Restricted Stock Units on 09/15/2025 and payment/settlement is recorded as 09/15/2025. The filer discloses multiple recent sales by the same person, Scott Lovett, totaling 223,688 shares sold across dates 08/18/2025 to 09/16/2025 with gross proceeds shown for each transaction (largest single 10b5-1 sale of 178,931 shares for $1,482,132.70 on 09/15/2025). The filing includes a representation that the seller does not possess undisclosed material adverse information.

Positive

• Required disclosure completed: Form 144 provides broker, share counts, acquisition details, and recent sales, meeting filing obligations
• Use of 10b5-1 plan noted: At least one sale was executed under a 10b5-1 plan, indicating a pre-established trading arrangement

Negative

• Insider selling activity: Scott Lovett sold a total of 223,688 shares in the period shown, which may be interpreted as insider liquidity
• Short interval of sales: Multiple sales clustered between 08/18/2025 and 09/16/2025 could attract investor attention

Insights

Securities Analyst

TL;DR: Insider sales are sizable this period, including a large 10b5-1 plan sale on 09/15/2025.

The filing documents a proposed 09/17/2025 sale of 42,172 RSU-derived shares and discloses recent disposals by Scott Lovett totaling 223,688 shares over several dates. The largest prior sale was a 10b5-1 plan sale of 178,931 shares generating $1,482,132.70. Relative to the stated outstanding share count of 147,400,000, the cumulative disclosed sales are a small percentage of float, but the concentrated timing and presence of a 10b5-1 instruction are notable for trading-flow analysis. This information is factual and suggests insider liquidity events rather than an indicated change in company operations.

Corporate Governance Expert

TL;DR: Proper Form 144 disclosures filed; the seller affirms no undisclosed material information.

The document records required disclosures: broker, share counts, acquisition method (RSUs), and recent sales history. The inclusion of a 10b5-1 sale and the seller's signed representation align with procedural compliance. There is no statement in the filing about any material adverse facts or governance actions. From a governance standpoint, the filing appears complete for the transactions disclosed.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	42172	355088.24	147400000	09/17/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/15/2025	Restricted Stock Units	Issuer			42172	09/15/2025	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SCOTT LOVETT 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	09/16/2025	34462	297403.64
10b5-1 Sales for SCOTT LOVETT 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	09/15/2025	178931	1482132.70
SCOTT LOVETT 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	09/03/2025	619	4611.55
SCOTT LOVETT 475 Brannan Street, Suite 300 San Francisco CA 94107	Common	08/18/2025	9076	62442.88

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for Fastly (FSLY) disclose about the sale on 09/17/2025?

It discloses a proposed sale of 42,172 common shares through Morgan Stanley Smith Barney with an aggregate market value of $355,088.24 and an approximate sale date of 09/17/2025.

How were the 42,172 shares listed in the Form 144 acquired?

The filing states these shares were acquired as Restricted Stock Units on 09/15/2025 with settlement/payment dated 09/15/2025.

Who is the seller named in the recent transactions and how many shares were sold recently?

The seller is Scott Lovett, who sold 34462, 178,931 (10b5-1), 619, and 9,076 shares on the listed dates, totaling 223,688 shares in the disclosed period.

What was the largest recent sale and its proceeds according to the filing?

The largest was a 10b5-1 sale of 178,931 shares on 09/15/2025 with gross proceeds of $1,482,132.70.

Does the filing state the seller has undisclosed material information about Fastly?

No. By signing the Form 144, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.