[Form 4] Fastly, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Scott R. Lovett, President, Go to Market at Fastly, Inc. (FSLY), reported the sale of 9,076 shares of Class A common stock on 08/18/2025 at a weighted average price of $6.88 per share (sales ranged $6.84–$6.88). The filing states these shares were sold to satisfy tax obligations arising from the vesting of previously granted restricted stock units. After the sale, the reporting person beneficially owns 1,344,735 shares (direct ownership). The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 08/20/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale to cover taxes; large remaining stake suggests continued alignment with shareholders.
The transaction is coded as a sale to satisfy tax obligations related to vested RSUs, a common liquidity event for executives with equity compensation. The amount sold (9,076 shares) is small relative to the reported post-transaction holding of 1,344,735 shares, indicating the reporting person retains a substantial direct position. There is no indication of derivative transactions or other disposals in this filing. For investors, this filing documents a routine administrative sale rather than a strategic divestment.
TL;DR: Disclosure is complete for the reported RSU-related sale; signature by attorney-in-fact is properly noted.
The Form 4 clearly states the relationship to the issuer, transaction date, volume, price range, and purpose (tax withholding on RSU vesting). The filing includes an explanatory footnote and the attorney-in-fact signature, meeting standard disclosure practices under Section 16. There are no governance red flags or indications of unusual timing or coordinated sales in this single filing.