Fastly (FSLY) CFO Wong sells 9,907 shares, retains 1.24M holding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc.’s CFO Richard Wong reported selling a total of 9,907 shares of Class A Common Stock in mid-May 2026. On May 19, he sold 6,315 shares at a reported price of $16.35 per share, and on May 18 he sold 3,592 shares at $16.85 per share.
A footnote explains that shares sold were used to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units, indicating a compensation- and tax-driven transaction rather than a purely discretionary sale. After these sales, Wong directly holds 1,239,301 shares of Fastly Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,907 shares ($163,775)
Net Sell
2 txns
Insider
WONG RICHARD
Role
CFO
Sold
9,907 shs ($164K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,315 | $16.35 | $103K |
| Sale | Class A Common Stock | 3,592 | $16.85 | $61K |
Holdings After Transaction:
Class A Common Stock — 1,239,301 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 $16.76 to $16.85, 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 May 19, 2026: 6,315 shares
Shares sold May 18, 2026: 3,592 shares
Total shares sold: 9,907 shares
+1 more
4 metrics
Shares sold May 19, 2026
6,315 shares
Class A Common Stock at $16.35 per share
Shares sold May 18, 2026
3,592 shares
Class A Common Stock at $16.85 per share
Total shares sold
9,907 shares
Aggregate of May 18–19, 2026 transactions
Shares held after transactions
1,239,301 shares
Direct holdings of Class A Common Stock after sales
Key Terms
Restricted Stock Units, weighted average price, open-market sale
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.
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.
FAQ
What insider transaction did Fastly (FSLY) disclose for CFO Richard Wong?
Fastly disclosed that CFO Richard Wong sold a total of 9,907 shares of Class A Common Stock in mid-May 2026. These sales were reported as open-market transactions and are associated in part with tax obligations from vesting Restricted Stock Units.
How is the sale price described in Fastly (FSLY) CFO Richard Wong’s Form 4 filing?
One transaction’s sale price is described as a weighted average price. A footnote explains that shares were sold in multiple trades at prices ranging from $16.76 to $16.85, and detailed breakdowns are available from the company or SEC staff upon request.