Fastly (FSLY) president sells stock to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc. executive Scott R. Lovett, President, Go to Market, reported an open-market sale of Class A common stock that was made to satisfy tax obligations from the vesting of previously granted Restricted Stock Units. He sold 34,919 shares at a weighted average price of $18.15 per share. Following the transaction, he directly holds 1,434,494 shares of Fastly Class A common stock, indicating this was a relatively small, tax-driven disposition compared with his remaining stake. The shares were sold in multiple trades at prices ranging from $17.83 to $18.16.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 34,919 shares ($633,780)
Net Sell
1 txn
Insider
Lovett Scott R.
Role
President, Go to Market
Sold
34,919 shs ($634K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 34,919 | $18.15 | $634K |
Holdings After Transaction:
Class A Common Stock — 1,434,494 shares (Direct, null)
Footnotes (1)
- Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.83 to $18.16, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
Key Figures
Shares sold: 34,919 shares
Weighted average sale price: $18.15 per share
Post-transaction holdings: 1,434,494 shares
+1 more
4 metrics
Shares sold
34,919 shares
Open-market sale on June 16, 2026
Weighted average sale price
$18.15 per share
Class A common stock transaction
Post-transaction holdings
1,434,494 shares
Shares of Fastly Class A common stock held directly
Trade price range
$17.83–$18.16 per share
Multiple transactions within reported sale
Key Terms
Restricted Stock Units, weighted average price, open-market sale, Class A Common Stock
4 terms
Restricted Stock Units financial
"tax obligations in connection with the 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What insider transaction did Fastly (FSLY) report for Scott R. Lovett?
Fastly reported that executive Scott R. Lovett sold 34,919 shares of Class A common stock. The sale was conducted in the open market to cover tax obligations arising from the vesting of previously granted Restricted Stock Units.
Why did Scott R. Lovett sell Fastly (FSLY) stock according to the filing?
The filing states that shares were sold to satisfy tax obligations related to vesting Restricted Stock Units. This indicates the transaction was driven by tax requirements tied to compensation, rather than a purely discretionary decision to change his investment exposure.
Was the Fastly (FSLY) insider sale a large portion of Scott R. Lovett’s holdings?
Lovett sold 34,919 shares while retaining 1,434,494 shares afterward. Based on these figures in the disclosure, the transaction represents only a small portion of his total reported holdings and was specifically linked to tax obligations from RSU vesting.