Was the Fastly (FSLY) CFO’s share acquisition treated as a grant or purchase?

The Form 4 codes the transaction as an acquisition (code A) and explains the 2,500 shares were acquired under the 2019 Employee Stock Purchase Plan. This indicates an employee plan acquisition, not a discretionary open-market buy, and is exempt under Rule 16b-3(c).

Fastly (NYSE: FSLY) CFO sells 2,500 shares after ESPP acquisition

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Fastly, Inc. CFO Richard Wong reported two Class A Common Stock transactions. On May 21, 2026, he completed an open-market sale of 2,500 shares at $16.48 per share. This reduced his direct holdings to 1,239,301 shares.

The day before, on May 20, 2026, he acquired 2,500 shares at $9.27 per share in a transaction under the Fastly, Inc. 2019 Employee Stock Purchase Plan, described as exempt under Rule 16b-3(c). Overall, the transactions affect only a small portion of his total direct ownership.

Insider Trade Summary

Net Seller: 2,500 shares ($41,200)

Net Sell 2 txns

Insider WONG RICHARD

Role CFO

Sold 2,500 shs ($41K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	2,500	$16.48	$41K
Grant/Award	Class A Common Stock	2,500	$9.27	$23K

Holdings After Transaction: Class A Common Stock — 1,239,301 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 2,500 shares Sale price: $16.48/share Shares acquired via ESPP: 2,500 shares +3 more

6 metrics

Shares sold 2,500 shares Open-market sale of Class A Common Stock on May 21, 2026 at $16.48

Sale price $16.48/share Price for 2,500 Class A shares sold on May 21, 2026

Shares acquired via ESPP 2,500 shares Acquisition on May 20, 2026 at $9.27 under 2019 Employee Stock Purchase Plan

Acquisition price $9.27/share Price for 2,500 shares acquired under Employee Stock Purchase Plan

Shares held after transactions 1,239,301 shares Direct Class A Common Stock ownership following reported transactions

Net share change -2,500 shares Net effect of one acquisition and one sale in the period

Key Terms

open-market sale, Grant, award, or other acquisition, 2019 Employee Stock Purchase Plan, Rule 16b-3(c), +1 more

5 terms

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

2019 Employee Stock Purchase Plan financial

"Shares acquired under the Fastly, Inc. 2019 Employee Stock Purchase Plan"

Rule 16b-3(c) regulatory

"transaction exempt under Rule 16b-3(c)"

An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.

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 Insider Transactions: What Each Field Means →

05/22/2026 - 05:57 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

WONG RICHARD

(Last)

(First)

(Middle)

C/O FASTLY, INC.

475 BRANNAN STREET, SUITE 300

(Street)

SAN FRANCISCO

CALIFORNIA

94107

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/20/2026		A⁽¹⁾	V	2,500	A	$9.27	1,241,801	D
Class A Common Stock	05/21/2026		S		2,500	D	$16.48	1,239,301	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares acquired under the Fastly, Inc. 2019 Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(c).

Remarks:

	/s/ Tara Seracka, Attorney-in-Fact	05/22/2026
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Fastly (FSLY) CFO Richard Wong report?

Fastly CFO Richard Wong reported selling 2,500 Class A shares at $16.48 and acquiring 2,500 shares at $9.27. The acquisition occurred under Fastly’s 2019 Employee Stock Purchase Plan, and he now directly holds 1,239,301 shares after these transactions.

How many Fastly (FSLY) shares did the CFO sell in this Form 4?

The CFO sold 2,500 shares of Fastly Class A Common Stock in an open-market transaction at $16.48 per share. This is a relatively small trade compared with his post-transaction direct holdings of 1,239,301 shares reported in the same filing.

At what prices did the Fastly (FSLY) CFO transact his recent shares?

The CFO acquired 2,500 Fastly shares at $9.27 per share and later sold 2,500 shares at $16.48 per share. The purchase was through the 2019 Employee Stock Purchase Plan, while the sale was an open-market transaction reported as a standard disposition.

How many Fastly (FSLY) shares does the CFO hold after these transactions?

After the reported sale and acquisition, Fastly CFO Richard Wong directly holds 1,239,301 shares of Class A Common Stock. This figure, disclosed in the Form 4, shows he retains a substantial equity position following the relatively small 2,500-share open-market sale.

What is the Fastly (FSLY) 2019 Employee Stock Purchase Plan mentioned in the Form 4?

The filing notes that 2,500 shares were acquired under the Fastly, Inc. 2019 Employee Stock Purchase Plan. The transaction is described as exempt under Rule 16b-3(c), meaning it is a plan-based employee acquisition rather than an open-market purchase.