Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 263

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 263
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 to make a reasonable estimate of the amount of loss.

25

10.     Stockholders' Equity

Equity Incentive PlansThe Company maintains four equity incentive plans: the 2019 Equity Incentive Plan (the “2019 Plan”), 2011 Equity Incentive Plan (“2011 Plan”), Employee Stock Purchase Plan, and the Signal Sciences Corp. 2014 Stock Option and Grant Plan, as amended (the “Signal Plan”). The 2019 Plan became effective in May 2019 and replaced the 2011 Plan. The Company’s 2019 Plan provides for the issuance of incentive stock options, non-statutory stock options, restricted stock units, performance-based stock awards, and other forms of equity compensation, which are collectively referred to as stock awards to its employees, directors, and consultants. The Signal Plan includes 251,754 registered shares which can be exercised to purchase shares of Fastly’s common stock. As of March 31, 2025 and December 31, 2024, there were 10.8 million and 6.9 million shares of common stock available for issuance under the 2019 Plan, respectively. As of March 31, 2025 and December 31, 2024, 144.7 million and 142.1 million shares of common stock were issued and outstanding, respectively. Stock OptionsOptions granted under the 2011 Plan and 2019 Plan are exercisable for common stock and generally expire within 10 years from the date of grant and generally vest over four years, at the rate of 25% on the first anniversary of the date of grant and ratably on a monthly basis over the remaining 36-month period thereafter based on continued service. Forfeitures are recognized as they occur.The following table summarizes stock option activity during the three months ended March 31, 2025:SharesWeighted-Average ExercisePriceWeighted-AverageRemainingContractualTermAggregateIntrinsic Value(in thousands)(in years)(in thousands)Outstanding at December 31, 20242,364 $8.60 4.3$7,592 Granted— — Exercised(168)2.43 Cancelled/forfeited(212)3.96 Outstanding at March 31, 20251,984  9.62 4.6$2,146 Vested and exercisable at March 31, 202