Compton Charles Lacey III, the CEO of Fastly, Inc., has sold a total of 20,449 shares of the company's stock in two recent transactions. This move, reported in a filing with the SEC, is part of a strategy to meet tax obligations arising from the vesting of previously granted Restricted Stock Units.
The first transaction occurred on October 16, 2026, when Lacey sold 11,433 shares at a weighted average price of $24.90. The second transaction took place on October 19, 2026, involving the sale of 9,016 shares at a weighted average price of $23.08. Following these transactions, Lacey retains ownership of 831,500 shares of Fastly.
Background
Fastly, Inc. operates in the technology sector, specifically within the prepackaged software industry (SIC 7372). The company is publicly traded under the ticker symbol FSLY on the New York Stock Exchange. Fastly focuses on providing edge cloud platforms that enable developers to create, secure, and deliver digital experiences.
What the Filing Says
The SEC filing, dated October 20, 2026, states that the shares sold were to satisfy tax obligations related to the vesting of restricted stock units. Lacey's transactions were executed under a Rule 10b5-1 trading plan that he adopted on May 11, 2026.
Impact
This sale may have implications for Fastly's shareholders and potential investors, as it reflects executive stock management practices that are common in the tech industry. Such transactions can signal to the market how executives are managing their equity stakes and tax responsibilities.
What's Next
The filing does not say what happens next.