Charles Lacey Compton III, a director and officer at Fastly, Inc., has filed a notice to sell 9,016 shares of the company. This sale is part of a broader trend where executives are adjusting their personal financial portfolios, reflecting the current market dynamics.
Background
Fastly, Inc. operates in the prepackaged software sector, focusing on providing cloud computing services. The company is incorporated in Delaware and has its headquarters in San Francisco, California. It trades on the NASDAQ under the SEC file number 001-38897. Recent filings include a Form 4 on October 20, 2026, and another Form 144 on October 26, 2026.
What the Filing Says
The filing indicates that Compton acquired the shares through Restricted Stock Units on October 15, 2026. The approximate sale date for the shares is noted as October 19, 2026. The aggregate market value of the shares being sold is approximately $202,589.52.
Impact
This sale may affect Fastly's stock performance and investor sentiment, particularly as it involves a significant insider transaction. The filing also highlights that Compton has sold a total of 11,433 shares on October 15, 2026, generating gross proceeds of $284,677.13.
What's Next
The filing does not say what happens next.
Additional Details
Compton's sale of 9,016 shares represents a small fraction of the total shares outstanding for Fastly, which is approximately 159,300,000 shares. This transaction is part of a series of sales Compton has undertaken in recent months, including a significant sale of 50,392 shares on September 14, 2026, which generated gross proceeds of $1,256,399.81.
Broker Information
The filing specifies that the broker handling the transaction is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY. This broker will facilitate the sale of the shares on behalf of Compton.
Historical Sales Activity
In the three months leading up to this filing, Compton has been active in selling shares, with multiple transactions reported. For instance, he sold 15,028 shares on August 31, 2026, for gross proceeds of $345,644.00, and 34,552 shares on August 18, 2026, for gross proceeds of $988,336.04. These sales indicate a strategic approach to liquidating portions of his holdings.
Regulatory Compliance
The filing is made under SEC Form 144, which is used to notify the SEC of the proposed sale of restricted or control securities. This form is crucial for ensuring compliance with the Securities Act of 1933, particularly in terms of reporting insider transactions.