Company: FSLY
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001517413-25-000218
Chunk: 340

Company: Fastly, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 340
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 of stock-based compensation expense associated with the Bonus Programs. The Company did not recognize any stock-based compensation expense associated with the Bonus Programs in the three months ended June 30, 2024. During the six months ended June 30, 2025 and 2024, the Company recognized $12.3 million and $6.5 million of stock-based compensation expense associated with the Bonus Programs, respectively. Market-Based Performance Stock Awards (“MPSUs”)In September 2022 and January 2023, pursuant to the 2019 Plan, the Company granted certain employees shares of MPSUs, which are to vest upon the satisfaction of the Company’s achievement of specified Fastly common stock price targets during the applicable performance period. In addition, the awards are subject to each recipient’s continuous service through each applicable vest dates.  Number of SharesWeighted-Average Grant Date Fair Value Per Share(in thousands)Nonvested MPSUs as of December 31, 20241,313 $6.45 Granted— — Vested— — Cancelled/forfeited(978)6.39 Nonvested MPSUs as of June 30, 2025335 $6.63 Stock-based compensation expense relating to the MPSUs are recognized using the accelerated attribution method over the derived service period. During the three months ended June 30, 2025 and 2024, the Company recognized $2.7 million of stock-based compensation benefit and $0.7 million of stock-based compensation expense associated with these awards, respectively.During the six months ended June 30, 2025 and 2024, the Company recognized $2.3 million of stock-based compensation benefit and $1.5 million of stock-based compensation expense associated with these awards, respectively.Relative Total Shareholder Return Award PSUs (“rTSR PSUs”)In February and March 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)