Officer Scott Lovett Files Intent to Sell Additional $318K in Fastly Shares
FSLY has more than doubled off its 52-week low of $6.29.
Summary
Fastly Officer Scott Lovett has filed a Form 144 to sell an additional $318,111 worth of shares, continuing a pattern of insider selling that has seen him dispose of over $3.6 million in stock in the last three months.
Key Events · Ownership and Investor Activity · FSLY
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Officer Files Intent to Sell
Officer Scott Lovett intends to sell 19,397 shares of Fastly stock, valued at approximately $318,111, with an approximate sale date of May 29, 2026.
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Continuation of Insider Selling
This proposed sale follows Lovett's disposition of 165,193 shares totaling $3.68 million in gross proceeds over the past three months, indicating a sustained pattern of selling.
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Broader Insider Distribution
This filing is part of a larger trend of insider selling at Fastly, with over $24.8 million in net sales by four active insiders in the last 90 days, signaling ongoing distribution.
Analysis · FSLY · Technology
This Form 144 indicates Officer Scott Lovett's intent to sell 19,397 shares of Fastly stock, valued at approximately $318,111. This filing extends a pattern of insider selling by Lovett, who has already sold over $3.6 million in shares in the past three months, and contributes to a broader trend of distribution by Fastly insiders totaling nearly $25 million in the last 90 days.
At the time of this filing, FSLY was trading at $17.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $6.29 to $34.82. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.