Charles Lacey Compton III, CEO of Fastly (NASDAQ:FSLY), reported the sale of 29,533 shares of Common Stock in multiple open-market transactions on April 16, 2026 and April 17, 2026, for a total transaction value of approximately $720,000, as disclosed in the SEC Form 4 filing.
Metric | Value |
|---|---|
Shares sold (direct) | 29,533 |
Transaction value | $720,313 |
Post-transaction shares (direct) | 1,133,895 |
Post-transaction value (direct ownership) | ~$27.85 million |
Transaction value based on SEC Form 4 weighted average purchase price ($24.39); post-transaction value based on April 17, 2026 market close ($24.56).
How does this transaction compare to Compton’s historical trading activity?
Over the past year, Compton has made eight direct sales in the most recent period, with the average size of sell-only trades at approximately 17,631 shares; the current sale of 29,533 shares is above this mean but consistent with prior capacity-driven reductions as direct holdings have declined by 17.67% since January 2026.What is the market context for this disposition?
Fastly shares delivered a one-year total return of 353.82% as of April 17, 2026. and the transaction was executed at a weighted average price of $24.39, with a closing price of $24.56 on April 17, 2026, indicating the sale occurred amid elevated price levels following substantial share appreciation.Does the transaction signal a change in Compton’s overall exposure or strategic alignment?
The reported sale amounts to a modest 2.54% of direct holdings, and Compton maintains 1,133,895 directly held shares post-transaction, indicating ongoing substantial exposure to Fastly equity.Are there any structural or derivative elements influencing this sale?
This was a routine open-market sale of directly held shares with no derivative exercise or indirect entity involvement. The sales were executed under a Rule 10b5-1 trading plan adopted on August 27, 2025, and a portion of the shares sold were used to satisfy tax obligations tied to the vesting of previously granted RSUs.
Metric | Value |
|---|---|
Price (as of market close 4/24/26) | $23.76 |
Market capitalization | $3.61 billion |
Revenue (TTM) | $624.02 million |
1-year price change | 306.2% |
* 1-year price change calculated using April 24th, 2026 as the reference date.
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