Fastly (FSLY) president sells 41,716 shares in pre-set 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc. executive Scott R. Lovett, President, Go to Market, sold 41,716 shares of Class A Common Stock in an open-market transaction at an average price of $17.77 per share. After the sale, he directly holds 1,392,778 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 28, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 41,716 shares ($741,293)
Net Sell
1 txn
Insider
Lovett Scott R.
Role
President, Go to Market
Sold
41,716 shs ($741K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 41,716 | $17.77 | $741K |
Holdings After Transaction:
Class A Common Stock — 1,392,778 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 41,716 shares
Sale price: $17.77 per share
Shares held after transaction: 1,392,778 shares
+2 more
5 metrics
Shares sold
41,716 shares
Open-market sale on June 17, 2026
Sale price
$17.77 per share
Average price for Class A Common Stock sold
Shares held after transaction
1,392,778 shares
Direct holdings after reported sale
Transaction code
S
Open-market or private sale of non-derivative shares
Trading plan adoption date
February 28, 2025
Rule 10b5-1 plan governing the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Fastly (FSLY) report for Scott R. Lovett?
Fastly reported that Scott R. Lovett sold 41,716 shares of Class A Common Stock. The shares were sold in an open-market transaction at an average price of $17.77 per share under a pre-arranged Rule 10b5-1 trading plan.
What is Scott R. Lovett’s role at Fastly (FSLY) in this Form 4?
Scott R. Lovett is identified as Fastly’s President, Go to Market. He is an officer of the company, and this Form 4 records his personal open-market sale of Class A Common Stock executed under a Rule 10b5-1 trading plan.