Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 337

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 337
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 compensation expense associated with the Bonus Programs, respectively.Market-Based Performance Stock Awards (“MPSUs”)In September 2022 and January 2023, pursuant to the 2019 Plan, the Company granted certain employees shares of MPSUs, which are to vest upon the satisfaction of the Company’s achievement of specified Fastly common stock price targets during the applicable performance period. In addition, the awards are subject to each recipient’s continuous service through each applicable vest dates.  Number of SharesWeighted-Average Grant Date Fair Value Per Share(in thousands)Nonvested MPSUs as of December 31, 20241,313 $6.45 Granted— — Vested— — Cancelled/forfeited(978)6.39 Nonvested MPSUs as of September 30, 2025335 $6.63 Stock-based compensation expense relating to the MPSUs are recognized using the accelerated attribution method over the derived service period. During the three months ended September 30, 2025 and 2024, the Company recognized $0.7 million of stock-based compensation benefit and $0.7 million of stock-based compensation expense associated with these awards, respectively.During the nine months ended September 30, 2025 and 2024, the Company recognized $3.0 million of stock-based compensation benefit and $2.2 million of stock-based compensation expense associated with these awards, respectively.Relative Total Shareholder Return Award PSUs (“rTSR PSUs”)In 2025, pursuant to the 2019 Plan, the Company granted certain employees shares of rTSR PSUs, which are to vest based on the Company’s total shareholder return (TSR) relative to a designated peer group over the performance period. The Company has accounted for these awards as equity-based awards and will recognize stock-based compensation expense on a straight-line basis over the vesting period. In addition, the awards are subject to each recipient’s continuous service through the vest date.Number of SharesWeighted-Average Grant Date Fair Value Per Share(in thousands)Nonvested rTSR PSUs as of December 31, 2024— $— Granted372 14.05 Vested— — Cancelled/forfeited(109)13.47 Nonvested rTSR PSUs as of September 30, 2025263 $14.30 

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For the three months