Fastly grants founder Artur Bergman performance stock option for 2.3M shares tied to stock price milestones

Fastly, Inc.

Nonstatutory stock option to purchase 2,296,000 shares (≈1.81% of outstanding) at $16.41 per share.
Option vests in four tranches of 574,000 shares each upon achieving stock price milestones ($17.25, $23.00, $34.50, $46.00).
Upon stockholder approval, Bergman's base salary is reduced to ~$35,965/year and he forfeits 24,143 RSUs.
Award subject to stockholder approval at the 2023 annual meeting; otherwise expires and shares are unavailable.
Performance period from Sep 1, 2022 to Sep 6, 2027; milestones based on 60-day average closing price.

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