Lovett Scott R. 4
4 · Fastly, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Fastly (FSLY) President Scott R. Lovett Sells 6,573 Shares
What Happened
Scott R. Lovett, President, Go to Market at Fastly, sold 6,573 shares on 2026-02-18. The filing reports a weighted average price of $17.53 per share for a total of roughly $115,225. The sale was reported under code S (sale) and, per the filing, was done to satisfy tax obligations related to the vesting of previously granted Restricted Stock Units (RSUs), so this appears to be a routine tax-withholding sale rather than a discretionary investment decision.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely — within 2 business days).
- Shares sold: 6,573; weighted average price reported: $17.53; total value ≈ $115,225.
- Price range: shares were sold in multiple transactions at prices from $17.36 to $17.53 (filing footnote).
- Reason given: shares sold to satisfy tax obligations on vested RSUs (footnote F1).
- Shares owned after the transaction: not provided in the supplied excerpt of the filing.
- Footnote availability: the filer offers to disclose the number of shares sold at each separate price on request (footnote F2).
Context
Tax-withholding sales tied to RSU vesting are common and typically routine — they do not necessarily indicate the insider’s view on the company’s outlook. For retail investors, outright purchases are generally more informative about insider confidence; this transaction appears administrative. If you need the insider’s post-transaction holdings or a breakdown of how many shares sold at each price, the filer can provide that detail upon request as noted in the filing.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-02-18$17.53/sh−6,573$115,225→ 995,564 total
Footnotes (2)
- [F1]Shares sold to satisfy tax obligations in connection with the vesting of previously granted Restricted Stock Units.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.36 to $17.53. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.