Company: FSLY
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001517413-25-000299
Chunk: 271

Company: Fastly, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 271
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9 Plan became effective in May 2019 and replaced the 2011 Plan. The Company’s 2019 Plan provides for the issuance of incentive stock options, non-statutory stock options, restricted stock units, performance-based stock awards, and other forms of equity compensation, which are collectively referred to as stock awards to its employees, directors, and consultants. The Signal Plan includes 251,754 registered shares which can be exercised to purchase shares of Fastly’s common stock. The 2025 Inducement Plan provides for the grant of non-statutory stock options, restricted stock units, performance based stock awards, and other forms of equity compensation. As of September 30, 2025 and December 31, 2024, there were 5.8 million and 6.9 million shares of common stock available for issuance under the 2019 Plan, respectively. As of September 30, 2025 a total of 869,677 shares were available for grant under the 2025 Inducement Plan. As of September 30, 2025 and December 31, 2024, 149.2 million and 142.1 million shares of common stock were issued and outstanding, respectively.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 nine months ended September 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(345)2.20 Cancelled/forfeited(234)4.49 Outstanding stock options at September 30, 20251,785 $10.37 4.5$2,725 Vested and exercisable stock options at September 30, 20251,484 $9.14 3.8$2,725 During both the three months