Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 335

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 335
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 202411,982 $13.06 Granted11,811 6.29 Vested(6,102)12.28 Cancelled/forfeited(2,447)10.65 Unvested RSUs as of September 30, 202515,244 $8.51 During the three months ended September 30, 2025 and 2024, the Company recognized stock-based compensation expense related to RSUs of $21.1 million and $23.8 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recognized stock-based compensation expense related to RSUs of $64.7 million and $74.2 million, respectively.

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Performance-Based Restricted Stock Units (“PSUs”) Performance Stock Awards for Executive Officers (“Executive PSUs”)In February 2024, pursuant to the 2019 Plan, the Company granted Executive PSUs, which are to vest based on the level of achievement of certain Company-wide targets related to the Company’s operating plan for the fiscal year 2024. The Company has accounted for these awards as equity-based awards and will recognize stock-based compensation expense over the employees' requisite service period based on the expected attainment of the Company-wide targets as of the end of each reporting period.In February 2025, pursuant to the 2019 Plan, the Company granted Executive PSUs, which are to vest based on the level of achievement of certain Company-wide targets related to the Company’s operating plan for the fiscal year 2025. The Company has accounted for these awards as equity-based awards and will recognize stock-based compensation expense over the employees' requisite service period based on the expected attainment of the Company-wide targets as of the end of each reporting period.Number of SharesWeighted-Average Grant Date Fair Value Per Share(in thousands)Nonvested PSUs as of December 31, 20241,089 $13.21 Granted1,901 6.89 Vested(164)14.81 Cancelled/forfeited(1,272)10.98 Nonvested PSUs as of September 30, 20251,554 $7.13 During the three months ended September 30, 2025 and 2024, the Company recognized $1.5 million and $0.8 million of stock-based compensation expense associated with these awards, respectively. During the nine months ended