Scott R. Lovett, President of Go to Market at Fastly (NASDAQ:FSLY), reported the sale of 73,715 shares of Common Stock in an open-market transaction on March 4, 2026, as disclosed in the SEC Form 4 filing.
Metric
Value
Shares sold (direct)
73,715
Transaction value
$1.6 million
Post-transaction shares (direct)
1,580,513
Post-transaction value (direct ownership)
~$31.7 million
Transaction value based on SEC Form 4 weighted average purchase price ($21.06); post-transaction value based on March 4, 2026 market close price.
How does the size of this sale compare to Scott Lovett’s historical trading activity?
The 73,715-share sale is substantially larger than Lovett’s median direct sale over the prior year, which was 42,172 shares, and represents 4.46% of his holdings at the time, compared to a recent median of 2.36% per sale.
What proportion of Lovett’s original position remains after this transaction?
Following the sale, Lovett’s direct Common Stock position stands at 1,580,513 shares, roughly 73.7% of his June 2024 holdings, reflecting a gradual reduction over 21 months.
Were any options, indirect entities, or derivatives involved in this transaction?
No derivative securities or indirect ownership vehicles were involved; all activity pertained to direct holdings of Common Stock, with no new option exercises or trust/LLC accounts referenced in the filing.
Does Lovett maintain a material continuing stake in Fastly?
Yes, Lovett continues to hold 1,580,513 shares of Common Stock directly, which equates to a substantial post-sale position valued at ~$31.7 million as of March 4, 2026.
Metric
Value
Revenue (TTM)
$624.02 million
Net income (TTM)
($121.68 million)
Employees
1,100
1-year price change
203.60%
* 1-year price change calculated using March 4th, 2026 as the reference date.
Fastly offers an edge cloud platform, including Compute@Edge, edge security solutions, content delivery, and streaming services as primary products and revenue drivers.
It operates a recurring revenue model by providing…
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