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

Fastly, Inc. CEO Todd Nightingale reported the sale of 12,547 shares of Class A Common Stock at a weighted average price of $7.19 to satisfy tax obligations related to the vesting of Restricted Stock Units.

Summary

• Fastly, Inc. (FSLY) CEO Todd Nightingale filed a Form 4 reporting a transaction on May 23, 2025.
• The transaction involved the sale of 12,547 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $7.19, with individual transactions ranging from $7.19 to $7.24 per share.
• The purpose of the sale was to satisfy tax obligations incurred from the vesting of previously granted Restricted Stock Units (RSUs).
• Following this transaction, Todd Nightingale beneficially owns 1,904,388 shares of Fastly, Inc. Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine 'sell to cover' for tax purposes related to RSU vesting, which is a common and expected event for executives receiving equity compensation. It does not reflect a discretionary sale or a change in confidence.

Negatives

• CEO Todd Nightingale's direct beneficial ownership of Fastly, Inc. Class A Common Stock decreased by 12,547 shares following the transaction.

Future Outlook

This Form 4 filing, detailing an insider stock transaction, does not provide information regarding the company's future outlook or guidance.

Management Comments

• Shares were sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.

Industry Context

This Form 4 filing, detailing an insider stock transaction, does not provide information relevant to broader industry trends or competitive analysis within the edge cloud platform or content delivery network (CDN) sectors.

Stakeholder Impact

• Shareholders: The transaction represents a minor, non-discretionary reduction in the CEO's direct beneficial ownership, which is a routine event for equity compensation vesting and is unlikely to significantly impact shareholder perception or company valuation.

Key Dates

Keywords

Fastly, FSLY, Todd Nightingale, CEO, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSU, Tax Obligations