Fastly (FSLY) executive’s 6,573-share tax sale disclosed in Form 4
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 6,573 shares of Class A common stock. The weighted average sale price was $17.53 per share, with individual trades executed between $17.36 and $17.53. According to the disclosure, the shares were sold to satisfy tax obligations related to the vesting of previously granted restricted stock units. Following this tax-related sale, Lovett directly owns 995,564 shares of Fastly Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,573 shares ($115,225)
Net Sell
1 txn
Insider
Lovett Scott R.
Role
President, Go to Market
Sold
6,573 shs ($115K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 6,573 | $17.53 | $115K |
Holdings After Transaction:
Class A Common Stock — 995,564 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 $17.36 to $17.53. 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 insider transaction did Fastly (FSLY) report for Scott R. Lovett?
Fastly reported that Scott R. Lovett sold 6,573 shares of Class A common stock. The transaction was an open-market sale at a weighted average price of $17.53 per share, disclosed on a Form 4 insider trading report.
What role does Scott R. Lovett hold at Fastly (FSLY) in this Form 4?
Scott R. Lovett is identified as Fastly’s President, Go to Market. The Form 4 lists him as an officer of the company and reports his direct ownership and tax-related sale of Class A common stock shares.