Fastly SEC Filings

Legal & General Group Plc and related investment entities have filed Amendment No. 1 to Schedule 13G for Fastly, Inc. (NYSE: FSLY). The filing, dated 07/02/2025 for an event on 12/31/2023, discloses beneficial ownership of 5,725,142 shares of Class A common stock. This represents approximately 4.4 % of Fastly’s outstanding Class A shares, placing the group below the 5 % threshold that would trigger a Schedule 13D but still among the company’s larger outside shareholders.

The stake is held entirely with shared voting and dispositive power; the reporting persons have no sole voting or dispositive authority. Ownership is spread across multiple subsidiaries:

• Legal & General Investment Management Ltd: 5,712,389 shares (4.4 %) with shared voting power.
• LGIM Managers (Europe) Ltd: 5,615,515 shares (4.29 %).
• Legal & General UCITS ETF Plc: 5,615,515 shares (4.3 %).
• Legal & General Investment Management America Inc: 12,753 shares (0.01 %).

All entities are classified as financial institutions (FI); LGIMA is additionally registered as an investment adviser and commodity trading advisor/operator. The group certifies that its foreign regulatory regime is comparable to U.S. requirements and that the information provided is complete and accurate.

Because the filing does not indicate any recent purchase or sale activity, no directional insight on the group’s trading intentions can be inferred. However, the disclosure confirms continued institutional ownership by a global asset-management firm, which may be viewed by some investors as a sign of confidence in Fastly’s long-term prospects.

Legal & General Group Plc and four affiliated entities have filed Amendment No. 1 to Schedule 13G disclosing a passive ownership position in Fastly, Inc. (NYSE: FSLY). As of the event date 12/31/2022, the group reports beneficial ownership of 6,598,987 Class A shares, equal to 5.37 % of Fastly’s outstanding Class A common stock. All shares are held with shared voting authority (6,564,266 shares) and shared dispositive authority (6,598,987 shares); the group reports no sole voting or dispositive power.

The filing aggregates positions across the following U.K.- and Ireland-based asset-management units: Legal & General Investment Management Ltd, LGIM Managers (Europe) Ltd, Legal & General UCITS ETF plc, and U.S. unit Legal & General Investment Management America Inc. Each subsidiary is classified as a financial institution ("FI"), while the parent Legal & General Group plc is identified as an insurance and financial-services company.

Because ownership exceeds the 5 % threshold, the group is required to file under Rule 13d-1(b) as a passive investor. The amendment indicates continued institutional support for Fastly’s equity base but does not provide detail on purchase price, timing of transactions, or any intent to influence corporate control. Certification language confirms compliance with foreign regulatory schemes comparable to U.S. standards. The document is signed by Mary Ann Colledge, Head of Conduct Advisory, on 07/02/2025 for each reporting entity.

Fastly, Inc. (FSLY) has filed a Form 3 disclosing the initial equity holdings of Charles Lacey Compton III, who is both a Director and the company’s Chief Executive Officer. As of the event date 06/16/2025, Compton owns or has rights to 424,765 shares of Class A common stock.

The total comprises 293,907 unvested RSUs that settle one-for-one in common stock as they vest. Key grant details include: (i) 267,522 RSUs with 33% vested on 01/15/2025, 8.33% on 04/15/2025, and the balance vesting quarterly thereafter; (ii) 6,868 fully vested RSUs earned under the 2024 Bonus Plan; and (iii) 150,375 RSUs with 8.33% vested on 05/15/2025 and the remainder vesting in 11 equal quarterly installments.

No derivative securities were reported. The filing is single-party, and a power of attorney (Exhibit 24) authorizes attorney-in-fact Tara Seracka to sign on Compton’s behalf.

Fastly Chief Revenue Officer Scott R. Lovett reported a significant insider transaction on June 17, 2025, selling 127,608 shares of Class A Common Stock at a weighted average price of $6.95 per share. The shares were sold in multiple transactions with prices ranging from $6.80 to $6.96.

The sale was specifically conducted to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units (RSUs). Following this transaction, Lovett continues to maintain a substantial position in the company, holding 1,287,145 shares directly.

This Form 4 filing indicates a routine tax-related sale rather than a discretionary divestment, suggesting the transaction was driven by personal tax management rather than a change in outlook on the company's prospects. The sale was executed through multiple trades within a narrow price range, demonstrating careful execution to minimize market impact.