Fastly exec grants RSUs, sells 73K shares
Fastly, Inc. reported that officer Scott R. Lovett, President, Go to Market, received a grant of 135,869 shares of Class A common stock on March 4, 2026, represented by restricted stock units.
Rhea-AI Filing Summary
Fastly, Inc. reported that officer Scott R. Lovett, President, Go to Market, received a grant of 135,869 shares of Class A common stock on March 4, 2026, represented by restricted stock units. Each RSU represents one share upon settlement.
According to the filing, 100% of these RSUs are subject to vesting. One-twelfth (8.33%) will vest on May 15, 2026, with the remaining RSUs vesting in 11 equal quarterly installments in August, November, February and May, each equal to one-twelfth, subject to his continued service. After this grant, he held 1,654,228 shares.
On the same date, Lovett sold 73,715 shares of Class A common stock at $21.06 per share. The transaction was described as a sale to satisfy tax obligations in connection with the vesting of previously granted RSUs. Following this sale, he held 1,580,513 shares of Fastly Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 135,869 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 73,715 | $21.06 | $1.55M |
Footnotes (2)
- F1. The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs are initially subject to vesting. One-twelfth (8.33%) of the total RSUs will vest on May 15, 2026 and the remainder will vest in 11 equal quarterly installments (August, November, February and May) of one-twelfth thereafter (8.33% of the total RSUs will vest per quarter), in each case subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
- F2. Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Fastly (FSLY) report for Scott R. Lovett?
How many Fastly (FSLY) RSUs were granted to Scott R. Lovett and how do they vest?
What is the vesting schedule for Scott R. Lovett’s new Fastly (FSLY) RSU award?
What role does Scott R. Lovett hold at Fastly (FSLY) in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.