Fastly (NYSE: FSLY) CFO share sale covers RSU taxes from vesting
Rhea-AI Filing Summary
Fastly, Inc. (FSLY) reported that its CFO, Richard Wong, sold Class A Common Stock in a reported transaction. On 2026-08-18, he sold 148,015 shares at a weighted average price of $28.61 per share, in multiple trades at prices ranging from $28.60 to $29.11. According to the disclosure, these shares were sold to satisfy tax obligations arising from the vesting of previously granted Restricted Stock Units. After this sale, Wong directly held 1,091,286 shares of Fastly Class A Common Stock.
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Insights
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Insider Trade Summary
Net Seller: 148,015 shares
Net Sell
1 txn
Insider
WONG RICHARD
Role
CFO
Sold
148,015 shs ($4.23M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 148,015 | $28.61 | $4.23M |
Holdings After Transaction:
Class A Common Stock — 1,091,286 shares (Direct)
Footnotes (2)
- F1. Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.60 to $29.11, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
Key Figures
Shares sold: 148,015 shares of Class A Common Stock
Weighted average sale price: $28.61 per share
Sale price range: $28.60 to $29.11 per share
+1 more
4 metrics
Shares sold
148,015 shares of Class A Common Stock
Non-derivative sale reported for 2026-08-18
Weighted average sale price
$28.61 per share
Weighted average price for the 148,015 shares sold
Sale price range
$28.60 to $29.11 per share
Range of prices for multiple transactions included in the sale
Shares owned after transaction
1,091,286 shares
Direct holdings of Fastly Class A Common Stock by CFO after sale
Key Terms
Restricted Stock Units, weighted average price, Class A Common Stock
3 terms
Restricted Stock Units financial
"vesting of previously granted Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Fastly (FSLY) disclose for CFO Richard Wong?
Fastly disclosed that CFO Richard Wong sold 148,015 shares of Class A Common Stock on 2026-08-18 at a weighted average price of $28.61 per share, in multiple trades, primarily to cover tax obligations from vesting Restricted Stock Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.