Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 277

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 277
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.39 Nonvested MPSUs as of June 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 June 30, 2025 and 2024, the Company recognized $2.7 million of stock-based compensation benefit and $0.7 million of stock-based compensation expense associated with these awards, respectively.During the six months ended June 30, 2025 and 2024, the Company recognized $2.3 million of stock-based compensation benefit and $1.5 million of stock-based compensation expense associated with these awards, respectively.Relative Total Shareholder Return Award PSUs (“rTSR PSUs”)In February and March 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— $— Granted272 14.15 Vested— — Cancelled/forfeited(109)13.47 Nonvested rTSR PSUs as of June 30, 2025163 $14.60 

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For the three months ended June 30, 2025, the Company recognized $0.2 million of stock-based compensation expense associated with these awards. For the six months ended June 30, 2025, the Company recognized $0.3 million of stock-based compensation expense associated with these awards. Employee Stock Purchase Program (“ESPP”)The ESPP allows eligible employees to purchase shares of the Company’s common stock through payroll deductions of up to 15% of their eligible compensation. The ESPP provides for six-month offering periods, commencing in May and November of each year. At the end of each offering period employees are able to purchase shares at 85% of the lower of the fair market value of the Company’s common stock on the first trading