Fastly (NYSE: FSLY) president receives new performance-based stock awards

Rhea-AI Filing Summary

Lovett Scott R. reported acquisition or exercise transactions in this Form 4 filing.

Fastly, Inc. reported that its President, Go to Market, Scott R. Lovett, received multiple stock awards of Class A common stock on February 28, 2026 valued at $0.00 per share, reflecting equity compensation rather than an open-market purchase.

The awards include grants of 109,075, 37,610, and 376,110 shares. According to the disclosure, these shares relate to performance-based restricted stock units earned based on Fastly’s 2025 performance goals. One-third of the PRSUs vested on the grant date, with the remaining 8.375% vesting quarterly, subject to Mr. Lovett’s continued service.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lovett Scott R.

(Last) (First) (Middle)

C/O FASTLY, INC.

475 BRANNAN STREET, SUITE 300

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Fastly, Inc. [ FSLY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Go to Market

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/28/2026		A		109,075(1)	A	$0	1,104,639	D
Class A Common Stock	02/28/2026		A		37,610(1)	A	$0	1,142,249	D
Class A Common Stock	02/28/2026		A		376,110(1)	A	$0	1,518,359	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the shares subject to performance-based restricted stock unit awards (PRSUs) earned based on the achievement of pre-established performance goals during the Issuer's fiscal year 2025. 33% of the number of PRSUs vested on the Transaction Date, and 8.375% of the PRSUs will vest in quarterly installments thereafter on May 28, August 28, November 28, and February 28, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

Remarks:

	/s/ Tara Seracka, Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transaction did Fastly (FSLY) report for Scott R. Lovett?

Fastly reported that Scott R. Lovett received multiple grants of Class A common stock as equity awards, not open-market purchases. These grants reflect performance-based restricted stock units earned from 2025 goals and increase his direct ownership position in Fastly shares.

How many Fastly (FSLY) shares were granted to Scott R. Lovett?

Scott R. Lovett received three separate stock awards of 109,075, 37,610, and 376,110 shares of Fastly Class A common stock. All awards were reported at a price of $0.00 per share, consistent with equity compensation rather than cash purchases in the open market.

What type of equity awards did Fastly (FSLY) grant to Scott R. Lovett?

Fastly granted Scott R. Lovett performance-based restricted stock unit awards (PRSUs) that convert into Class A common shares. These PRSUs were earned based on pre-established performance goals during Fastly’s 2025 fiscal year, tying executive compensation directly to company performance outcomes.

How do Scott R. Lovett’s Fastly (FSLY) PRSUs vest over time?

For Scott R. Lovett’s Fastly PRSUs, 33% of the earned units vested on February 28, 2026. The remaining 8.375% of the PRSUs vest in quarterly installments on May 28, August 28, November 28, and February 28, contingent on his continued service with Fastly.

Did Scott R. Lovett buy or sell Fastly (FSLY) shares in this filing?

Scott R. Lovett did not report any open-market buys or sells. The Form 4 only shows acquisitions coded as grants or awards at $0.00 per share, reflecting equity compensation awards of Fastly Class A common stock rather than discretionary trading activity.