[SCHEDULE 13G/A] Fastly, Inc. SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Institutional validation: A global asset manager holds 5.37 % of Fastly’s Class A shares, signaling continued institutional confidence.

Negative

• None.

Insights

Portfolio Manager

TL;DR: Legal & General owns 5.37 % of FSLY, signalling sustained institutional interest but no change in control intent.

This 13G/A shows that multiple Legal & General units collectively hold 6.6 million Fastly shares. While the stake is material relative to the 5 % threshold, it remains passive. Such ownership can enhance liquidity and may be viewed positively by the market because long-only index and ETF managers are typically stable holders. However, the filing supplies no information on recent buying or selling, so investors cannot infer momentum. From a portfolio perspective, the disclosure is mildly favorable: it confirms that a large, globally regulated asset manager retains confidence in Fastly, yet it is not a catalyst by itself.

Corporate Governance Analyst

TL;DR: Filing confirms over-5 % passive stake; no governance pressure implied.

Fastly’s shareholder register now includes Legal & General entities as >5 % owners. Because the Schedule 13G is filed under Rule 13d-1(b) – rather than 13D – the group affirms a purely investment purpose with no intent to influence management or strategy. Voting and dispositive powers are shared, reflecting pooled fund structures common to ETF and institutional mandates. Governance impact is therefore limited; management should not expect activist engagement from this holder. Nonetheless, the concentration slightly elevates the influence of passive funds in shareholder votes, which can matter in close proxy contests.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Fastly, Inc.

(Name of Issuer)

Class A Common Stock, $0.00002 par value

(Title of Class of Securities)

31188V100

(CUSIP Number)

12/31/2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31188V100

1

Names of Reporting Persons

Legal & General Group Plc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,564,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,598,987.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,598,987.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.37 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 31188V100

1

Names of Reporting Persons

Legal & General Investment Management Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,564,266.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,564,266.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,564,266.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 31188V100

1

Names of Reporting Persons

LGIM Managers (Europe) Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,502,116.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,502,116.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,502,116.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 31188V100

1

Names of Reporting Persons

Legal & General UCITS ETF Plc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 6,502,116.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 6,502,116.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,502,116.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. 31188V100

1

Names of Reporting Persons

Legal & General Investment Management America Inc

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 34,721.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

34,721.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, CO, OO

Comment for Type of Reporting Person: CFTC registered Commodity Trading Advisor and Commodity Pool Operator, OSC and AMF registered portfolio in Canada

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Fastly, Inc.
(b)	Address of issuer's principal executive offices: 475 BRANNAN, SUITE 300, SAN FRANCISCO, CA, 94107
Item 2.
(a)	Name of person filing: Legal & General Group Plc
(b)	Address or principal business office or, if none, residence: ONE COLEMAN STREET, LONDON, EC2R 5AA
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Class A Common Stock, $0.00002 par value
(e)	CUSIP No.: 31188V100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6598987
(b)	Percent of class: 5.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 6564266
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 6598987
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. 8 (a).LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED IS A DISCRETIONARY INVESTMENT MANAGER AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL UCITS ETF PLC IS ORGANISED AS AN OPEN-ENDED INVESTMENT COMPANY WITH VARIABLE CAPITAL. THE COMPANY IS STRUCTURED AS AN UMBRELLA FUND AND IS COMPRISED OF SEPARATE SUB-FUNDS. THE COMPANY HAS SEGREGATED LIABILITY BETWEEN ITS FUNDS AND IS ORGANISED UNDER THE LAWS OF IRELAND AS A PUBLIC LIMITED COMPANY PURSUANT TO THE COMPANIES ACT (2014) (AS AMENDED)(THE """"""""COMPANIES ACT""""""""). THE COMPANY HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH LGIM MANAGERS (EUROPE) LIMITED UNDER WHICH THE MANAGER IS RESPONSIBLE FOR THE MANAGEMENT OF THE COMPANYS AFFAIRS. LGIM MANAGERS (EUROPE) LIMITED IS A LIMITED LIABILITY COMPANY INCORPORATED IN IRELAND AND AUTHORISED BY THE CENTRAL BANK OF IRELAND AS A SUPER MANCO. THE MANAGER HAS APPOINTED LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED AS INVESTMENT MANAGER FOR EACH OF THE FUNDS. THE INVESTMENT MANAGER IS AUTHORISED AND REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL INVESTMENT MANAGEMENT AMERICA INC. IS AN INVESTMENT MANAGER REGULATED BY THE SECURITIES AND EXCHANGE COMMISSION. LEGAL & GENERAL GROUP PLC IS AN INSURANCE COMPANY AND MULTINATIONAL FINANCIAL SERVICES GROUP COMPANY. Name of Persons Filing: THIS STATEMENT IS FILED BY: (i) Legal & General Group Plc (ii) Legal & General Investment Management Ltd (iii) LGIM Managers (Europe) Limited (iv) Legal & General UCITS ETF Plc (v) Legal & General Investment Management America Inc 8 (b). Address of Principal Business Office or, if none, Residence: THE ADDRESS OF PRINCIPAL BUSINESS OFFICE IS: (i) ONE COLEMAN STREET, LONDON, EC2R 5AA (ii) ONE COLEMAN STREET, LONDON, EC2R 5AA (iii) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND (iv) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND (v) 71 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to the financial institutions in the group is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Legal & General Group Plc

Signature:	Mary Ann Colledge
Name/Title:	Head of Conduct Advisory
Date:	07/02/2025

Legal & General Investment Management Ltd

Signature:	Mary Ann Colledge
Name/Title:	Head of Conduct Advisory
Date:	07/02/2025

LGIM Managers (Europe) Limited

Signature:	Mary Ann Colledge
Name/Title:	Head of Conduct Advisory
Date:	07/02/2025

Legal & General UCITS ETF Plc

Signature:	Mary Ann Colledge
Name/Title:	Head of Conduct Advisory
Date:	07/02/2025

Legal & General Investment Management America Inc

Signature:	Mary Ann Colledge
Name/Title:	Head of Conduct Advisory
Date:	07/02/2025

Comments accompanying signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FAQ

How many Fastly (FSLY) shares does Legal & General now own?

The group reports 6,598,987 Class A shares beneficially owned.

What percentage of Fastly’s outstanding stock does this represent?

The stake equals 5.37 % of the Class A common shares.

Is Legal & General’s position passive or activist?

The filing is on Schedule 13G under Rule 13d-1(b), indicating a passive investment with no control intent.

Which Legal & General entities are included in the filing?

Legal & General Group plc and its units: LGIM Ltd, LGIM Managers (Europe), Legal & General UCITS ETF plc, and LGIM America Inc.

Does the group have sole voting power over Fastly shares?

No. Sole voting power is 0; all voting authority (6,564,266 shares) is held jointly among entities.

When was the certification signed?

All entities signed the statement on 07/02/2025.