Company: FSLY
Filing Date: 2025-08-06
Form Type: 8-K
Source: 0001517413-25-000215
Chunk: 2

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 8-K
Item: Item 5.02
Chunk 2
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 to which Mr. Wong and Mr. Lovett was appointed as Chief Financial Officer and President, Go to Market, respectively, and there are no family relationships between Mr. Wong or Mr. Lovett and any director or other executive officer of the Company, and neither Mr. Wong or Mr. Lovett has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The press release announcing Mr. Wong’s appointment as the Chief Financial Officer and Mr. Lovett’s appointment as President, Go to Market is attached hereto as Exhibit 99.3 and is filed herewith.

Chief Financial Officer Offer Letter

On August 1, 2025, Mr. Wong entered into a letter agreement with the Company (the “ Wong Offer Letter”), providing for his appointment as Chief Financial Officer. Under the Wong Offer Letter, Mr. Wong will be paid an annual base salary of $450,000 and, as a material inducement for him to commence employment, be granted an RSU award having an aggregate value of $8,000,000, determined in accordance with Company policy. The RSU grant will vest as to 25% of the RSUs initially subject to the RSU award on August 15, 2026 and as to 1/16th of the RSUs initially subject to the RSU award on each quarterly anniversary thereof thereafter, such that the RSU award will be fully vested on August 15, 2029, in each case, subject to Mr.

Wong’s continued employment through the applicable vesting dates. The RSU award will be subject to the provisions of the Company’s 2025 Employee Inducement Incentive Plan (the “ Inducement Plan”). Pursuant to the terms of the Company’s 2025 Bonus Plan, as previously approved by the Board, Mr. Wong will be eligible to receive a pro-rated bonus for 2025 performance with a target amount of 70% of his base salary, payable in the form of RSUs. Beginning in 2026, Mr. Wong will be eligible for an annual performance-based bonus, with a target amount equal to 70% of his base salary, pursuant to the Company’s bonus plan, which will be paid in either cash or equity at the determination of the Board. Mr. Wong will be eligible to participate in the Company’s 2022 Change in Control and Severance Benefit Plan, a copy of which was filed with the Securities and Exchange