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

Rhea-AI Filing Summary

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.

Positive

• Institutional endorsement: A respected global asset-management group continues to hold a significant 4.4 % stake, which some investors may interpret as confidence in Fastly.

Negative

• None.

Insights

Securities Analyst

TL;DR – Legal & General still owns ~4.4 % of FSLY, all via shared authority; neutral disclosure, modest institutional support.

The amendment shows Legal & General and affiliates controlling 5.7 million Fastly shares. The stake remains passive (Schedule 13G) and below 5 %, implying no change in control ambition. Shared voting authority suggests the holding is spread across index and ETF products rather than an active position. From a market-impact perspective the news is mostly neutral; it simply updates ownership records without signaling transactions or strategic intent. Still, the presence of a well-regarded asset manager can lend credibility and provide liquidity support.

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)

12/31/2023

(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 5,683,870.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,725,142.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,725,142.00

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)

4.38 %

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 5,683,870.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,712,389.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,712,389.00

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)

4.4 %

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 5,615,515.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,615,515.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,615,515.00

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)

4.29 %

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 5,615,515.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,615,515.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,615,515.00

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)

4.3 %

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 12,753.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,753.00

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)

0.01 %

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, 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: 5725142
(b)	Percent of class: 4.4 %
(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: 5683870
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 5725142
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 own?

The filing reports 5,725,142 Class A shares beneficially owned.

What percentage of Fastly’s Class A stock does this represent?

The stake equals approximately 4.4 % of the outstanding Class A shares.

Does Legal & General have sole voting power over its Fastly shares?

No. The group reports 0 shares with sole voting power; all voting authority is shared.

Which subsidiaries hold the Fastly shares?

Key holders include Legal & General Investment Management Ltd, LGIM Managers (Europe) Ltd, Legal & General UCITS ETF Plc, and LGIM America Inc.

Is this a Schedule 13G or 13D filing?

It is a Schedule 13G/A (Amendment No. 1), indicating a passive investment rather than an activist position.

What is the CUSIP number for Fastly’s Class A shares?

The CUSIP listed in the filing is 31188V100.