Fastly, Inc. Reports Inducement Award Under Nasdaq Listing Rule 5635(c)(4)
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restricted stock unitfinancial
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
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NASDAQ Listing Rule 5635(c)(4) is a rule that requires a company to get approval from its shareholders before selling a large amount of its shares, usually over 20%. This helps protect investors by making sure the company doesn't flood the market with new shares without their say, which could lower the stock's value.
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Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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An employment inducement incentive plan is a package of stock, options or other long-term pay given to a new hire to persuade them to join and stay, similar to a signing bonus paid in company shares rather than cash. For investors, these awards matter because they can dilute existing shareholders, add to compensation expense, and align the new employee’s decisions with shareholder value—so they signal how a company is investing in key talent.
SAN FRANCISCO--(BUSINESS WIRE)--
Fastly, Inc. (Nasdaq: FSLY) (“Fastly” or the “Company”), a leader in global edge cloud platforms, announced that on February 4, 2026, the Compensation Committee of Fastly’s Board of Directors approved the grant of a time-based inducement restricted stock unit award (“RSUs”) covering 282,131 shares of Fastly Class A common stock to a newly hired employee.
The RSU award was granted under Fastly’s 2025 Employment Inducement Incentive Plan, which provides for the granting of equity awards to new employees of Fastly. The RSUs will vest over a four-year period: 25% of the RSUs will vest on January 15, 2027, and 6.25% of the RSUs will vest on each quarterly anniversary thereafter, such that the RSU award will be fully vested on January 15, 2030, subject to the employee’s continued service. The RSU award was granted as an inducement material to the employee entering into employment with Fastly, in accordance with Nasdaq Listing Rule 5635(c)(4).
About Fastly, Inc.
Fastly’s powerful and programmable edge cloud platform helps the world’s top brands deliver online experiences that are fast, safe, and engaging through edge compute, delivery, security, and observability offerings that improve site performance, enhance security, and empower innovation at global scale. Compared to other providers, Fastly’s powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, Universal Music Group, and SeatGeek.
