Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 341

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 341
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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 day of the offering period or on the date of purchase. During the three months ended June 30, 2025 and 2024 the Company recognized $0.4 million and $0.7 million in stock-based compensation expense related to the ESPP, respectively. During the six months ended June 30, 2025 and 2024 the Company recognized $0.5 million and $2.0 million in stock-based compensation expense related to the ESPP, respectively.During each of the three and six months ended June 30, 2025 and June 30, 2024, 0.5 million shares of the Company’s common stock was purchased under the offering period that commenced in November of the previous year. Stock-Based Compensation ExpenseThe following table summarizes the components of total stock-based compensation expense included in the accompanying condensed consolidated statements of operations:Three months ended June 30,Six months ended June 30,2025202420252024(in thousands)Cost of revenue$2,573 $2,044 $4,512 $4,823 Research and development11,755 7,983 20,648 18,306 Sales and marketing8,176 7,058 14,869 14,901 General and administrative3,831 9,063 11,888 19