Todd Nightingale - Sep 6, 2022 Form 4 Insider Report for Fastly, Inc. (FSLY)

Signature
/s/ Karen Greenstein, Attorney-in-Fact
Stock symbol
FSLY
Transactions as of
Sep 6, 2022
Transactions value $
$0
Form type
4
Date filed
9/6/2022, 06:14 PM
Previous filing
Sep 6, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FSLY Class A Common Stock Award $0 +1.3M $0.00 1.3M Sep 6, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FSLY Performance rights Award $0 +1.3M $0.00 1.3M Sep 6, 2022 Class A Common Stock 1.3M Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are represented by restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. 100% of the RSUs are initially subject to vesting over a period of four years. 40% of the RSUs vest in four equal quarterly installments for one year, thereafter 30% of the RSUs vest in four equal quarterly installments for one year, thereafter 20% of the RSUs vest in four equal quarterly installments for one year, and thereafter the remaining 10% of the RSUs vest in four equal quarterly installments for one year, in each case subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F2 The shares are represented by performance-based restricted stock units (PRSUs). Each PRSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. One fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $17.25 per share (with the earliest such vesting date being the first quarterly vesting date after the first anniversary of the grant date, including if the performance condition is satisfied before such date); one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $23.00 per share (with the earliest such vesting date being the first quarterly vesting date after the second anniversary of the grant date, including if the performance condition is satisfied before such date);
F3 one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $34.50 per share (with the earliest such vesting date being the first quarterly vesting date after the third anniversary of the grant date, including if the performance condition is satisfied before such date);one fourth of the PRSUs will vest upon the Issuer's Class A Common Stock achieving a market price of $46.00 per share (with the earliest such vesting date being the first quarterly vesting date after the fourth anniversary of the grant date, including if the performance condition is satisfied before such date). Any unvested tranche will be forfeited if the applicable market price is not achieved on or before September 6, 2027.