FSLY Form 144 Notice — 18,248 Restricted Shares Proposed Sale on 08/29/2025

Rhea-AI Filing Summary

Fastly, Inc. (FSLY) Form 144 notice reports a proposed sale of 18,248 common shares through Morgan Stanley Smith Barney LLC on 08/29/2025. The filing shows an aggregate market value of $138,887.35 and lists 147,400,000 shares outstanding for the issuer. The shares were acquired by the reporting person as restricted stock in four grants dated 09/15/2022, 12/15/2022, 03/15/2023 and 06/15/2023, with 4,562 shares from each grant totaling 18,248 shares. No securities were reported sold in the past three months. The signer affirms they are unaware of undisclosed material adverse information and notes potential applicability of a Rule 10b5-1 trading plan if adopted.

Positive

• Full disclosure provided: filing lists broker, exact share counts, acquisition dates, and aggregate market value
• Acquisitions identified as restricted stock: indicates orderly vesting and standard compensation realization
• No sales in prior three months: suggests this is not part of a pattern of frequent disposals

Negative

• Insider sale announced: insider intends to sell 18,248 shares, which may be viewed unfavorably by some investors
• Form lacks context on trading plan: the filing does not state whether a Rule 10b5-1 plan governs the sale

Insights

Securities Analyst

TL;DR: Routine insider sale notice covering 18,248 shares worth $138,887.35 scheduled via Morgan Stanley on 08/29/2025.

The Form 144 documents a proposed sale by an insider of 18,248 restricted shares acquired across four grants in 2022 and 2023. The filing lists an aggregate market value of $138,887.35 and 147,400,000 shares outstanding, indicating the sale represents a very small fraction of total shares outstanding. No sales in the prior three months are reported, and the filer attests no undisclosed material adverse information. This is a standard disclosure required when restricted holders sell into the public market; its direct market impact is likely minimal given the relative size.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; shows restricted stock vesting monetization without reported recent sales.

The notice identifies the nature of acquisition as restricted stock from the issuer across four dates, with full payment noted as not applicable. The signature block includes the required attestation about material information and mentions Rule 10b5-1 plans if applicable. From a governance perspective, the filing demonstrates procedural compliance for an insider monetizing vested restricted shares; there is no indication in the form of accelerated sales, clustering of prior disposals, or other governance red flags in the provided content.

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	18248	138887.35	147400000	08/29/2025	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	09/15/2022	Restricted Stock	Issuer			4562	09/15/2022	Not Applicable
Common	12/15/2022	Restricted Stock	Issuer			4562	12/15/2022	Not Applicable
Common	06/15/2023	Restricted Stock	Issuer			4562	06/15/2023	Not Applicable
Common	03/15/2023	Restricted Stock	Issuer			4562	03/15/2023	Not Applicable

* 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

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

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 Fastly's (FSLY) Form 144 report?

The Form 144 reports a proposed sale of 18,248 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $138,887.35 scheduled for 08/29/2025.

How were the 18,248 shares acquired according to the filing?

The shares were acquired as restricted stock in four grants dated 09/15/2022, 12/15/2022, 03/15/2023, and 06/15/2023, each for 4,562 shares.

Does the filing show recent sales by this person?

No. The Form 144 states "Nothing to Report" for securities sold during the past three months.

Which broker will handle the sale listed in the Form 144?

Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004 is listed as the broker.

How many shares outstanding does the filing list for the issuer?

147,400,000 shares outstanding are reported in the filing.