Fastly executive Lovett sells 41,815 shares
Fastly’s President, Go to Market, reported pre-planned open-market sales totaling over forty thousand Class A shares.
Rhea-AI Filing Summary
Fastly, Inc. (FSLY) reported that Scott R. Lovett, its President, Go to Market, sold a total of 41,815 shares of Class A Common Stock on September 17, 2026. The sales, executed in multiple transactions at weighted average prices between $23.56 and $25.38, were made pursuant to a Rule 10b5-1 trading plan adopted on February 28, 2025.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 41,815 shares
Net Sell
3 txns
Insider
Lovett Scott R.
Role
President, Go to Market
Sold
41,815 shs ($1.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 1,800 | $23.56 | $42K |
| Sale | Class A Common Stock F1, F3 | 34,325 | $24.58 | $844K |
| Sale | Class A Common Stock F1, F4 | 5,690 | $25.38 | $144K |
Holdings After Transaction:
Class A Common Stock — 1,281,583 shares (Direct)
Footnotes (4)
- F1. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 28, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.98 to $23.88, 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 ranges set forth in footnotes (2), (3) and (4)to this Form 4.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.99 to $24.98, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.99 to $25.73, inclusive.
Key Figures
Shares sold (first block): 1,800 shares
Weighted average price (first block): $23.56 per share
Shares sold (second block): 34,325 shares
+5 more
8 metrics
Shares sold (first block)
1,800 shares
Class A Common Stock sold on September 17, 2026 at a weighted average price
Weighted average price (first block)
$23.56 per share
1,800 shares of Class A Common Stock sold on September 17, 2026
Shares sold (second block)
34,325 shares
Class A Common Stock sold on September 17, 2026 at a weighted average price
Weighted average price (second block)
$24.58 per share
34,325 shares of Class A Common Stock sold on September 17, 2026
Shares sold (third block)
5,690 shares
Class A Common Stock sold on September 17, 2026 at a weighted average price
Weighted average price (third block)
$25.38 per share
5,690 shares of Class A Common Stock sold on September 17, 2026
Total shares sold
41,815 shares
Aggregate of three reported sale transactions on September 17, 2026
Rule 10b5-1 plan adoption date
February 28, 2025
Date Scott R. Lovett adopted the trading plan used for the September 17, 2026 sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The sale was effected pursuant to a Rule 10b5-1 trading plan adopted"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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 or private transaction financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fastly (FSLY) disclose for Scott R. Lovett?
Fastly disclosed that Scott R. Lovett, President, Go to Market, sold 41,815 shares of Class A Common Stock on September 17, 2026 in open-market or private transactions.
Were Scott R. Lovett’s Fastly (FSLY) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Scott R. Lovett on February 28, 2025.
Does the Form 4 state Scott R. Lovett’s remaining Fastly (FSLY) holdings?
No specific post-transaction share balance is reported for these sales; the relevant Form 4 fields for shares held after the transactions are not filled in.
AI-generated analysis. How Rhea-AI works. Not financial advice.