Company: FSLY
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001140361-25-015174
Chunk: 65

Company: Fastly, Inc.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 65
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 stock option exercises and shares acquired on the vesting of stock awards by our Named Executive Officers during fiscal year 2024.

|                  |     | Option Awards   |     |                 |     |     Stock Awards |     |                   |
| Name             |     | Number of       
 Shares Acquired 
 on Exercise (#) |     | Value Realized  
 on Exercise ($) |     | Number of Shares 
      Acquired on 
      Vesting (#) |     | Value Realized on 
       Vesting ($) |
| Todd Nightingale |     | —               |     | —               |     |          634,645 |     |         6,331,205 |
| Artur Bergman    |     | —               |     | —               |     |          155,633 |     |         1,479,844 |
| Ronald Kisling   |     | —               |     | —               |     |          259,027 |     |         2,693,097 |
| Scott Lovett     |     | —               |     | —               |     |                — |     |                 — |

Employment Arrangements

We have employment agreements with each of our Named Executive Officers. The agreements generally provide for at-will employment or service and set forth the executive officer’s initial base salary, initial equity grant amount, eligibility for employee benefits, and in some cases severance payments and benefits upon a qualifying termination of employment. In addition, we have adopted the Executive Plan and the 2022 Plan applicable to our Named Executive Officers and other key employees, excluding Mr. Bergman. Todd Nightingale In August 2022, we entered into a letter agreement (the “Nightingale Employment Agreement”) with Mr. Nightingale, our CEO, setting forth certain terms of his employment with the Company, including his initial base salary of $600,000, a cash bonus opportunity of $600,000, a sign-on bonus of $1,000,000, and his initial equity grants with a total value of $30,000,000. Under the Executive Plan, as modified by the Nightingale Employment Agreement, if Mr. Nightingale is terminated other than for cause, or he resigns for good reason, at any time during the period from three months before until 18 months following a change in control of the Company (the “change in control period”), he will be eligible to receive the following severance benefits (less applicable tax withholding): (