Form 4: Fastly Director Aida Alvarez Granted Over 24,000 Restricted Stock Units

Fastly, Inc. Director Aida Alvarez was granted 24,906 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs) on June 11, 2025, increasing her total beneficial ownership to 96,066 shares.

Summary

• Aida Alvarez, a Director of Fastly, Inc. (FSLY), acquired 24,906 shares of Class A Common Stock.
• The acquisition was made through a grant of Restricted Stock Units (RSUs) at a price of $0 per share.
• Following this transaction, Ms. Alvarez beneficially owns a total of 96,066 shares of Fastly's Class A Common Stock.
• The RSUs are scheduled to vest quarterly over one year from the grant date, with full vesting occurring on the earlier of the next annual stockholders' meeting or the one-year anniversary of the grant, contingent on continued service as a director.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects a routine compensation event that aligns the director's interests with shareholders, without indicating any negative operational or financial news.

Positives

• The RSU grant aligns the director's financial interests with those of the shareholders, incentivizing long-term performance.
• The acquisition increases the director's beneficial ownership in the company, demonstrating continued commitment.

Negatives

• The shares were acquired at a price of $0, indicating a grant rather than a direct cash investment by the director for these specific shares.

Risks

• The value of the granted Restricted Stock Units (RSUs) is subject to the future market price fluctuations of Fastly's Class A Common Stock.
• Vesting of the RSUs is contingent upon Aida Alvarez's continued service as a director of Fastly, Inc., meaning unvested units could be forfeited if service ceases.

Future Outlook

The granted Restricted Stock Units (RSUs) are set to vest quarterly over one year, with full vesting by the earlier of the next annual stockholders' meeting or the one-year anniversary of the grant, subject to the director's continued service.

Industry Context

The grant of Restricted Stock Units (RSUs) to a director is a common form of equity compensation in the technology industry, used to attract, retain, and incentivize board members by aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice across publicly traded technology companies, including peers like Cloudflare (NET) or Akamai Technologies (AKAM), which often utilize similar equity-based incentives.
• The vesting schedule of quarterly over one year is typical for director RSU grants, ensuring continued engagement and alignment over a reasonable period.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially leading to more shareholder-centric decision-making.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The granted Restricted Stock Units (RSUs) will vest quarterly over the next year, contingent on the director's continued service.

Key Dates

Keywords

Fastly, FSLY, Form 4, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, Equity Grant, Beneficial Ownership