Form 4: Fastly CEO Todd Nightingale Sells Shares to Cover Tax Obligations

Fastly CEO Todd Nightingale sold 64,353 shares of Class A Common Stock on May 16, 2025, to satisfy tax obligations related to vesting Restricted Stock Units.

Summary

• Fastly CEO Todd Nightingale sold 64,353 shares of Class A Common Stock on May 16, 2025.
• The shares were sold at a price of $8.19 per share.
• The sale was executed to cover tax obligations associated with the vesting of previously granted Restricted Stock Units.
• Following the transaction, Nightingale directly owns 1,915,080 shares of Fastly's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) by an executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and financial planning. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Fastly, FSLY, Todd Nightingale, SEC Form 4, Stock Sale, Restricted Stock Units, Tax Obligations, Beneficial Ownership, Class A Common Stock