Fastly (NYSE: FSLY) CEO sells 15,028 shares for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fastly, Inc. CEO Charles Lacey Compton III reported an open-market sale of Class A common stock mainly to cover taxes on equity compensation. On May 29, 2026, he sold 15,028 shares at $16.96 per share, as noted in a footnote explaining the sale satisfied tax obligations tied to vesting Restricted Stock Units. Following this transaction, he still directly holds 1,073,258 shares, indicating the sale is small relative to his remaining stake and primarily driven by tax needs rather than a change in his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,028 shares ($254,875)
Net Sell
1 txn
Insider
Compton Charles Lacey III
Role
CEO
Sold
15,028 shs ($255K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 15,028 | $16.96 | $255K |
Holdings After Transaction:
Class A Common Stock — 1,073,258 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 15,028 shares
Sale price: $16.96 per share
Shares held after: 1,073,258 shares
+2 more
5 metrics
Shares sold
15,028 shares
Class A Common Stock sold on May 29, 2026
Sale price
$16.96 per share
Price for the 15,028 shares sold
Shares held after
1,073,258 shares
Direct holdings following the transaction
Net shares sold
15,028 shares
Net-sell direction in transaction summary
Insider role
CEO and director
Reporting person’s positions at Fastly, Inc.
Key Terms
Restricted Stock Units, open-market sale, Class A Common Stock, Form 4
4 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.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Fastly (FSLY) CEO Charles Lacey Compton III report in this Form 4?
The CEO reported selling 15,028 shares of Fastly Class A common stock. The transaction occurred on May 29, 2026 at $16.96 per share and was disclosed as an open-market sale in SEC Form 4, with a footnote explaining the sale’s purpose.
Is the Fastly (FSLY) CEO’s Form 4 transaction a routine tax sale or a large discretionary sale?
The transaction is characterized as a routine tax-related sale. The footnote specifies the 15,028 shares were sold to satisfy tax obligations from vesting Restricted Stock Units, and the CEO still holds 1,073,258 shares, so the sale is small compared with his remaining stake.