Fastly president sells 19,624 shares at $23
Fastly’s President, Go to Market, sold shares to cover RSU-related taxes and still directly holds over 1.35 million shares.
Rhea-AI Filing Summary
Fastly, Inc. (FSLY) executive Scott R. Lovett, President, Go to Market, reported selling 19,624 shares of Class A common stock on August 31, 2026 at $23.00 per share. According to the disclosure, the shares were sold to satisfy tax obligations arising from the vesting of previously granted restricted stock units, and he continued to hold 1,358,218 shares directly after the sale. No transactions are reported as made under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Seller: 19,624 shares
Net Sell
1 txn
Insider
Lovett Scott R.
Role
President, Go to Market
Sold
19,624 shs ($451K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1 | 19,624 | $23.00 | $451K |
Holdings After Transaction:
Class A Common Stock — 1,358,218 shares (Direct)
Footnotes (1)
- F1. Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.
Key Figures
Shares sold: 19,624 shares
Sale price per share: $23.00 per share
Shares held after transaction: 1,358,218 shares
+1 more
4 metrics
Shares sold
19,624 shares
Class A common stock sold by Scott R. Lovett on August 31, 2026
Sale price per share
$23.00 per share
Price for the 19,624 Fastly Class A common shares sold
Shares held after transaction
1,358,218 shares
Direct holdings of Scott R. Lovett after the August 31, 2026 sale
Net shares sold in filing
19,624 shares
Net share reduction across all reported transactions in this Form 4
Key Terms
Restricted Stock Units, tax obligations, 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.
tax obligations financial
"Shares sold to satisfy tax obligations in connection with the vesting"
Class A common stock financial
"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) report for Scott R. Lovett?
Fastly reported that Scott R. Lovett, President, Go to Market, sold 19,624 shares of Class A common stock on August 31, 2026 at $23.00 per share, leaving him with 1,358,218 shares held directly after the transaction.
Was the Fastly (FSLY) insider sale made under a Rule 10b5-1 trading plan?
No. The disclosure does not identify the transaction as made under a Rule 10b5-1 trading plan; the document-level indicator for such a plan is not marked as applicable.
What role does the insider involved in the Fastly (FSLY) transaction hold?
The reporting person, Scott R. Lovett, is identified as President, Go to Market at Fastly, Inc., and the reported transaction relates to his holdings of Fastly Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.