The following table summarizes the activity related to the Company's restricted stock units (“RSUs”) for the three months ended March 31, 2025:


	Number of RSUs	Weighted average grant date fair value
Balance as of December 31, 2024, unvested	3,847,636	$	4.29
Granted	1,382,379	$	1.62
Vested	(661,156)	$	4.47
Forfeited	(30,317)	$	4.02
Balance as of March 31, 2025, unvested	4,538,542	$	3.45

Total compensation expense for RSUs was $2.2 million and $2.4 million for the three months ended March 31, 2025 and 2024, respectively, and is included in general and administrative expenses in the unaudited condensed consolidated statements of operations.

As of March 31, 2025, total compensation cost related to unvested RSUs not yet recognized is $14.1 million and is expected to be recognized over a weighted-average period of approximately 2.2 years.