Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 274

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 274
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.7$1,793 Vested and exercisable stock options at June 30, 20251,484  8.83 3.9$1,793 During the three months ended June 30, 2025 and 2024, the Company recorded stock-based compensation expense from stock options of approximately $0.4 million and $0.5 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recorded stock-based compensation expense from stock options of approximately $0.8 million and $1.1 million, respectively.Restricted Stock Units (“RSUs”)The Company began granting RSUs under the 2019 Plan during the fiscal year ended December 31, 2019. The fair value of RSUs is based on the grant date fair value and is expensed on a straight-line basis over the applicable vesting period. RSUs granted to new hires typically vest over three or four years, at the rate of 33% or 25%, respectively, on the first anniversary of the vesting start date and ratably on a quarterly basis over the remaining 24-month or 36-month period thereafter, respectively. RSUs granted to existing employees typically vest in equal quarterly installments over a three or four-year service period. All vesting is contingent on continued service. Forfeitures are recognized as they occur.The following table summarizes RSU activity during the six months ended June 30, 2025:Number of SharesWeighted-Average Grant Date Fair Value Per Share(in thousands)Unvested RSUs as of December 31, 202411,982 $13.06 Granted9,631 6.05 Vested(4,123)12.73 Cancelled/forfeited(1,901)11.12 Unvested RSUs as of June 30, 202515,589 $9.05 During the three months ended June 30, 2025 and 2024, the Company recognized stock-based compensation expense related to RSUs of $21.7 million and $25.9 million, respectively. During the six months ended June 30, 2025 and 2024, the Company recognized stock-based compensation expense related to RSUs of $43.5 million and $50.5 million, respectively.

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Performance-Based Restricted Stock Units (“PSUs”) Performance stock awards for executive officers