Lovett Scott R. 4
Research Summary
AI-generated summary
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.