Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 337

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 337
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ement 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 4.7$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.