Fastly closes $20M add-on convertible note offering; enters additional capped call transactions

Fastly, Inc.

Initial purchasers exercised option for additional $20.0M of 0% Convertible Senior Notes due 2030; closed Dec 17, 2025.
Net proceeds of ~$19.4M; used ~$2.0M for Additional Capped Call Transactions.
Capped call cover shares underlying Option Notes; cap price initially $23.04/share (100% premium over Dec 4 close).
Up to 15,624,990 shares of Class A common stock issuable upon conversion based on initial rate.

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