Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 63

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 63
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     |              $23.00 |     | November 15, 2024    |     | 25%                     |
| 3       |     |              $34.50 |     | November 15, 2025    |     | 25%                     |
| 4       |     |              $46.00 |     | November 15, 2026    |     | 25%                     |

| * | For purposes of this PSU Award, a Stock Price Hurdle will be achieved when the average closing price of the Company’s common stock during a period of 60 consecutive trading days equals or exceeds the applicable Stock Price Hurdle. |

| ** | A “quarterly vesting date” means each of November 15th, February 15th, May 15th, and August 15th. |

2025 PROXY STATEMENT | 45

TABLE OF CONTENTS

| *** | Tranche 1 of this PSU award achieved its stock price hurdle of $17.25 on August 17, 2023, and therefore, 1/4thof the total shares subject to this PSU award (or 100% of Tranche 1) vested on November 15, 2023. |

| (5) | 1/10thof the total 1,304,347 shares subject to this RSU award vested on each of November 15, 2022, February 15, 2023, May 15, 2023, and August 15, 2023, 7.5% vested on each of November 15, 2023, February 15, 2024, May 15, 2024, and August 15, 2024, 5% vested on each of November 15, 2024, and February 15, 2025, 5% will vest on May 15, 2025 and August 15, 2025, and 2.5% will vest on each of November 15, 2025, February 15, 2026, May 15, 2026, and August 15, 2026. |

| (6) | 1/3rdof the total shares subject to this PSU award vested subject to the achievement of pre-established performance goals during fiscal year 2023 on February 22, 2024 and 8.375% vest quarterly thereafter, subject to continuous service