Company: FSLY
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001517413-25-000111
Chunk: 267

Company: Fastly, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 267
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)Nonvested rTSR PSUs as of December 31, 2024— $— Granted272 14.15 Vested— — Cancelled/forfeited— — Nonvested rTSR PSUs as of March 31, 2025272 $14.15 For the three months ended March 31, 2025, the Company recognized $0.1 million of stock-based compensation expense associated with these awards. Employee Stock Purchase Program (“ESPP”)The 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. 

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During the three months ended March 31, 2025 and 2024 the Company recognized $0.1 million and $1.2 million in stock-based compensation expense related to the ESPP, respectively. No common stock was issued under the ESPP in the three months ended March 31, 2025, nor in the three months ended March 31, 2024.Stock-Based Compensation ExpenseThe following table summarizes the components of total stock-based compensation expense included in the accompanying condensed consolidated statements of operations:Three months ended March 31,20252024(in thousands)Cost of revenue$1,939 $2,779 Research and development8,893 10,323 Sales and marketing6,693 7,843 General and administrative8,057 10,876 Total stock-based compensation expense$25,582 $31,821 For the three months ended March 31, 2025 and 2024, the Company capitalized $1.7 million and $2.9 million of stock-based compensation expense, respectively. 

For the three months ended March 31, 2025 and 2024, the Company recognized $3.7 million and $6.5 million of stock-based compensation expense associated with the liability classified awards related to the company-wide Bonus Program, respectively. 

11.     Net Loss Per Share Attributable to Common Stockholders

Basic net loss per share