Form 4: Fastly's Chief Revenue Officer, Scott R. Lovett, Sells Shares to Cover Tax Obligations

Scott R. Lovett, Chief Revenue Officer of Fastly, Inc., sold 4,745 shares of Class A Common Stock on May 16, 2025, to satisfy tax obligations related to vesting Restricted Stock Units.

Summary

• On May 16, 2025, Scott R. Lovett, the Chief Revenue Officer of Fastly, Inc., sold 4,745 shares of Class A Common Stock.
• The shares were sold at a price of $8.19 per share.
• The transaction was executed to cover tax obligations associated with the vesting of previously granted Restricted Stock Units.
• Following the transaction, Lovett directly owns 1,414,753 shares of Fastly's Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction for tax purposes and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholders due to the small volume of shares sold.

Key Dates

Keywords

Fastly, FSLY, Scott R. Lovett, Chief Revenue Officer, Form 4, SEC Filing, Stock Sale, Restricted Stock Units, Tax Obligations, Beneficial Ownership