The CTO and President both sold near the top of the recent price range ($29.17) within the cluster window. The absence of any insider buying (no code P) alongside these sales means the entire cluster is uniformly bearish — no offsetting bullish signal from other insiders. Monitor next 8-K for any upcoming earnings pre-announcement or operational update that could explain this selling.
Price Chart
Executive Summary
Three Fastly insiders, including the CTO and President, sold a total of ~$1.71M in open-market sales over a 7-day window. The CTO's sales alone account for ~$709K, while the President sold ~$844K. These are not plan-driven or tax-withholding sales, and the cluster represents ~0.52% of Fastly's ~$326M market cap, crossing the 0.5% materiality threshold. The selling is concentrated among senior operating executives, which is a bearish signal for near-term price action.
Key Financial Metrics
Key Facts
- Three insiders sold shares in open-market transactions totaling ~$1.71M
- CTO Artur Bergman sold 24.3K shares at $29.17 for ~$709K on 2026-09-23
- President Scott R. Lovett sold 34.3K shares at $24.58 for ~$844K on 2026-09-17
- Principal Accounting Officer Jeffrey Ford sold 6.3K shares at $25.37 for ~$161K on 2026-09-17
- Cluster represents ~0.52% of Fastly's ~$326M market cap, above the 0.5% materiality threshold
- No 10b5-1 plan or tax-withholding (F) transactions — all trades are open-market sales (code S)
Financial Impact
~$1.71M in insider selling by three senior executives over 7 days; 0.52% of market cap
Risk Factors
- Insider selling by CTO and President suggests management may have negative view of near-term outlook
- No insider buying to offset the selling — all trades are open-market sales
- Cluster cluster may trigger further selling by other insiders if stock continues to trade near $29
- Potential upcoming earnings or product news that insiders may be pre-positioning for
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FSLY-1790369447274 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $25.48 | awaiting T+60 | — | $27.83 (+9.22%) |
Oct 26, 2026 today | 144 | $25.44 | awaiting T+60 | — | $27.83 (+9.40%) |
Oct 20, 2026 6d ago | Insider Cluster | $23.30 | awaiting T+60 | — | $27.83 (−19.44%) |
Oct 19, 2026 7d ago | 144 | $22.07 | awaiting T+60 | — | $27.83 (+26.10%) |
Sep 25, 2026 4w ago | Insider Cluster | $24.92 | awaiting T+60 | — | $27.83 (−11.68%) |
Sep 23, 2026 4w ago | Insider Cluster | $26.68 | awaiting T+60 | — | $27.83 (−4.31%) |
Sep 21, 2026 5w ago | Insider Cluster | $26.08 | awaiting T+60 | — | $27.83 (−6.71%) |
Sep 18, 2026 5w ago | Insider Cluster | $27.42 | awaiting T+60 | — | $27.83 (−1.50%) |
Sep 16, 2026 5w ago | Insider Cluster | $24.57 | awaiting T+60 | — | $27.83 (−13.27%) |
Sep 10, 2026 6w ago | Insider Cluster | $23.16 | awaiting T+60 | — | $27.83 (+20.16%) |
US Market Status
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