Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 275

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 275
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. During the three months ended September 30, 2025 and 2024, the Company recognized $0.7 million of stock-based compensation benefit and $0.7 million of stock-based compensation expense associated with these awards, respectively.During the nine months ended September 30, 2025 and 2024, the Company recognized $3.0 million of stock-based compensation benefit and $2.2 million of stock-based compensation expense associated with these awards, respectively.Relative Total Shareholder Return Award PSUs (“rTSR PSUs”)In 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— $— Granted372 14.05 Vested— — Cancelled/forfeited(109)13.47 Nonvested rTSR PSUs as of September 30, 2025263 $14.30 

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For the three months ended September 30, 2025, the Company recognized $0.5 million of stock-based compensation expense associated with these awards. For the nine months ended September 30, 2025, the Company recognized $0.7 million of stock-based compensation expense associated with these awards. Employee Stock Purchase PlanThe 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 September 30, 2025 and 2024, the Company recognized $0.8 million and $0.3 million in stock-based compensation expense related to