Fastly (NYSE: FSLY) CFO sells 3,748 shares to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc.’s CFO Richard Wong reported an open-market sale of 3,748 shares of Class A common stock at a weighted average price of $20.30 per share. According to the filing, the shares were sold to satisfy tax obligations related to the vesting of previously granted restricted stock units. After this transaction, Wong directly holds 1,135,817 Fastly shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,748 shares ($76,084)
Net Sell
1 txn
Insider
WONG RICHARD
Role
CFO
Sold
3,748 shs ($76K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,748 | $20.30 | $76K |
Holdings After Transaction:
Class A Common Stock — 1,135,817 shares (Direct)
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 $19.92 to $20.31, 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.
FAQ
What did Fastly (FSLY) CFO Richard Wong report in this Form 4?
Fastly CFO Richard Wong reported selling 3,748 shares of Class A common stock. The transaction was an open-market sale primarily to cover tax obligations triggered by vesting restricted stock units, and he retained direct ownership of 1,135,817 shares afterward.
Was the Fastly (FSLY) CFO sale an open-market transaction?
Yes, the Form 4 describes the transaction as an open-market sale of non-derivative Class A common stock. The sale code is “S,” and the filing notes multiple executions across a price range from $19.92 to $20.31 per share on the transaction date.