v3.25.2
Related-Party Transactions (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transaction [Line Items]  
Summary of Related Parties The following details the total compensation paid to the immediate family members of Brian Bair during each of the respective periods:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

($ in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Mr. Vaughn Bair (1)

 

$

112

 

 

$

99

 

$

321

 

 

$

262

 

Mr. Casey Bair (2)

 

 

92

 

 

 

92

 

 

200

 

 

 

245

 

Ms. Katie Bullard (1)

 

 

37

 

 

 

31

 

 

 

87

 

 

 

67

 

 

 

$

241

 

 

$

222

 

 

$

608

 

 

$

574

 

(1) Compensation for Mr. Vaughn Bair and Ms. Katie Bullard includes both base salary and annual performance-based cash incentives during the respective year-to-date periods.

(2) Compensation for Mr. Casey Bair during the three and six months ended June 30, 2025, includes severance payments in connection with his separation from service with the Company in August 2024. Compensation during the three and six months ended June 30, 2024, includes base salary and during the six months ended June 30, 2024 includes annual performance-based cash incentives.

Schedule of Grants of Resttricated Stock Units to Related Parties

The following details the restricted stock units granted to Mr. Vaughn Bair, Mr. Casey Bair, and Ms. Katie Bullard, during the respective periods:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Mr. Vaughn Bair (1)

 

 

 

 

 

42,500

 

 

 

20,433

 

 

 

42,500

 

Mr. Casey Bair (2)

 

 

 

 

 

40,000

 

 

 

 

 

 

40,000

 

Ms. Katie Bullard

 

 

20,000

 

 

 

6,000

 

 

 

20,000

 

 

 

6,000

 

 

 

 

20,000

 

 

 

88,500

 

 

 

40,433

 

 

 

88,500

 

(1) During June 2025, the Compensation Committee of the Board approved a restricted stock unit grant of 410,000 RSUs to Mr. Vaughn Bair, contingent upon stockholder approval of the Amendment to the 2021 Plan. The Amendment was approved by our stockholders on July 30, 2025 at a special meeting of stockholders, upon which, this RSU award was granted.

(2) This RSU award was forfeited by Mr. Casey Bair in connection with his separation from service in August 2024.

LL Credit Facilities [Member]  
Related Party Transaction [Line Items]  
Summary of Related Parties The following summarizes certain details related to these facilities:

 

 

As of June 30, 2025

 

 

As of December 31, 2024

 

($ in thousands)

 

Borrowing
Capacity

 

 

Outstanding
Amount

 

 

Borrowing
Capacity

 

 

Outstanding
Amount

 

Senior secured credit facility with a related party

 

$

50,000

 

 

$

11,860

 

 

$

50,000

 

 

$

18,329

 

Mezzanine secured credit facilities with a related party

 

$

57,000

 

 

$

26,717

 

 

$

92,000

 

 

$

23,532