Form 4: Fastly Chief Revenue Officer Sells Shares to Cover Tax Obligations

Fastly, Inc.'s Chief Revenue Officer, Scott R. Lovett, sold 127,608 shares of Class A Common Stock on June 17, 2025, to satisfy tax obligations related to vested Restricted Stock Units.

Summary

• Scott R. Lovett, the Chief Revenue Officer of Fastly, Inc. (FSLY), reported a sale of company stock.
• The transaction involved the disposition of 127,608 shares of Fastly's Class A Common Stock.
• The sale occurred on June 17, 2025, and was executed at a weighted average price of $6.95 per share, with prices ranging from $6.80 to $6.96.
• The purpose of the sale was explicitly stated as satisfying tax obligations in connection with the vesting of previously granted Restricted Stock Units (RSUs).
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-arranged sale.
• Following this transaction, Scott R. Lovett beneficially owns 1,287,145 shares of Class A Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale by an insider to cover tax obligations associated with the vesting of Restricted Stock Units, which is a common occurrence and does not typically indicate a change in management's confidence or company fundamentals.

Future Outlook

N/A

Industry Context

N/A

Key Dates

Keywords

Fastly, FSLY, Insider Transaction, Form 4, Stock Sale, Chief Revenue Officer, Scott R. Lovett, Restricted Stock Units, Tax Obligations, 10b5-1 Plan