Lovett Scott R. 4

What Happened

• Scott R. Lovett, Fastly's President, Go to Market, was granted a total of 522,795 shares via performance-based restricted stock unit awards (PRSUs) on February 28, 2026. The award lines reported were 109,075; 37,610; and 376,110 shares, each acquired at $0.00 (standard for RSU grants). This was an award/compensation event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-28. Report filed: 2026-03-03.
• Shares granted: 109,075; 37,610; and 376,110 — total 522,795 shares; acquisition price reported $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: These are performance-based RSUs (PRSUs) earned for fiscal year 2025. 33% vested on the transaction date; 8.375% of the PRSUs will vest in quarterly installments on May 28, Aug 28, Nov 28, and Feb 28, subject to Lovett’s continued service through each vesting date.
• Filing timeliness: Filing date is 2026-03-03 for a 2026-02-28 transaction; the filing shows no late-filing indication.

Context

• PRSUs are compensation tied to company performance goals and time-based vesting; they are not market purchases and don’t directly signal an immediate bullish or bearish trade by the insider.
• Vesting is staggered (partial immediate vesting plus subsequent quarterly vesting subject to continued employment), so only portions of the award become owned/transferable over time.