Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 273

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 273
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”), 2011 Equity Incentive Plan (“2011 Plan”), Employee Stock Purchase Plan, the Signal Sciences Corp. 2014 Stock Option and Grant Plan, as amended (the “Signal Plan”), and the 2025 Employment Inducement Incentive Plan (the "2025 Inducement Plan"). The 2019 Plan became effective in May 2019 and replaced the 2011 Plan. The Company’s 2019 Plan provides for the issuance of incentive stock options, non-statutory stock options, restricted stock units, performance-based stock awards, and other forms of equity compensation, which are collectively referred to as stock awards to its employees, directors, and consultants. The Signal Plan includes 251,754 registered shares which can be exercised to purchase shares of Fastly’s common stock.  As of June 30, 2025 and December 31, 2024, there were 7.2 million and 6.9 million shares of common stock available for issuance under the 2019 Plan, respectively. As of June 30, 2025 and December 31, 2024, 147.2 million and 142.1 million shares of common stock were issued and outstanding, respectively. As of June 30, 2025 a total of 2,000,000 shares were available for grant under the 2025 Inducement Plan, and no shares were issued and outstanding.Stock OptionsOptions granted under the 2011 Plan and 2019 Plan are exercisable for common stock and generally expire within 10 years from the date of grant and generally vest over four years, at the rate of 25% on the first anniversary of the date of grant and ratably on a monthly basis over the remaining 36-month period thereafter based on continued service. Forfeitures are recognized as they occur.

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The following table summarizes stock option activity during the six months ended June 30, 2025:SharesWeighted-Average ExercisePriceWeighted-AverageRemainingContractualTermAggregateIntrinsic Value(in thousands)(in years)(in thousands)Outstanding stock options at December 31, 20242,364 $8.60 4.3$7,592 Granted— — Exercised(317)2.17 Cancelled/forfeited(224)4.22 Outstanding stock options at June 30, 20251,823  10.25 4