The simultaneous C-suite selling by both CEO and CTO at prices near recent highs (~$24-29) is a bearish signal, though the dollar amount is modest relative to market cap. Monitor for upcoming earnings or material news that may have prompted the sales. If the stock continues to trade near $24-26, further insider selling could pressure shares. The cross-filing actuarial verdicts show this cluster's insider-trades context is an amplifier when combined with other events, but no other cross-filings are present here.
Price Chart
Executive Summary
Fastly CEO and CTO sold a combined ~$2.97M in open-market sales over two days (Aug 18-19), with the CEO alone selling ~$1.26M and the CTO ~$1.71M. This cluster of C-suite selling at ~$24-29 per share, representing ~0.08% of the $3.8B market cap, is modest in proportionality but notable for involving both the CEO and CTO selling concurrently. The sales are not clearly 10b5-1 patterned given the concentrated two-day window and varying prices, suggesting potential bearish conviction or portfolio rebalancing ahead of upcoming events. Historical calibration shows past neutral calls on FSLY have performed well (67% win rate at T+20), but this cluster's C-suite selling warrants a cautious stance.
Key Financial Metrics
Key Facts
- CEO Charles Lacey III sold 45,750 shares total (~$1.26M) on Aug 18-19 at prices from $24.08 to $28.60
- CTO Artur Bergman sold 64,074 shares total (~$1.71M) on Aug 18-19 at prices from $23.94 to $28.60
- Total insider selling in cluster: ~$2.97M, representing ~0.08% of $3.8B market cap
- Director Paula Loop also sold 7,300 shares at $30.00 on Aug 12 for ~$220K
- No insider buying in the cluster; all transactions are open-market sales (code S)
Financial Impact
CEO and CTO sold ~$2.97M combined, ~0.08% of market cap
Risk Factors
- Insider selling may signal management's view that the stock is fairly valued or overvalued
- CEO and CTO both selling concurrently could indicate shared bearish outlook
- No insider buying to offset the selling cluster
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FSLY-1787259685920 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $23.16 $24.86 | ▲ +7.34% | ▲ +7.79% | $26.16 (+12.95%) |
Sep 4, 2026 27d ago | Insider Cluster | $21.49 $22.71 | ▲ +5.68% | ▲ +6.14% | $26.16 (+21.73%) |
Sep 2, 2026 29d ago | Insider Cluster | $21.12 $20.59 | ▼ −2.51% | ▼ −2.12% | $26.16 (+23.86%) |
Aug 31, 2026 4w ago | Insider Cluster | $20.77 $20.43 | ▼ −1.64% | ▼ −2.08% | $26.16 (+25.95%) |
Aug 31, 2026 4w ago | 144 | $22.79 $20.77 | ▼ −8.86% | ▼ −8.18% | $26.16 (+14.79%) |
Aug 25, 2026 5w ago | Insider Cluster | $23.29 $24.64 | ▲ +5.80% | ▲ +5.14% | $26.16 (+12.32%) |
Aug 20, 2026 6w ago | Insider Cluster | $24.95 $22.94 | ▲ +8.06% | ▲ +7.76% | $26.16 (−4.85%) |
Aug 20, 2026 6w ago | Insider Cluster | $24.95 $22.94 | ▲ +8.06% | ▲ +7.76% | $26.16 (−4.85%) |
Aug 14, 2026 6w ago | Insider Cluster | $29.04 $26.59 | ▲ +8.44% | ▲ +7.76% | $26.16 (+9.92%) |
Aug 11, 2026 7w ago | Insider Cluster | $28.53 $30.02 | ▲ +5.22% | ▲ +4.52% | $26.16 (−8.31%) |
US Market Status
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