v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of RSA and PSA Activity

The following table presents time-based RSA and PSA activity as of the dates and for the periods stated.

 

 

Time-based RSAs

 

 

PSAs

 

 

 

Shares (1)

 

 

Weighted Average Fair Value

 

 

Shares

 

 

Weighted Average Fair Value

 

Shares unvested and outstanding, December 31, 2024

 

 

585,700

 

 

$

3.63

 

 

 

116,830

 

 

$

11.43

 

Granted

 

 

96,322

 

 

 

3.53

 

 

 

3,400,000

 

 

 

3.54

 

Vested

 

 

(141,147

)

 

 

2.72

 

 

 

 

 

 

 

Forfeited

 

 

(41,557

)

 

 

4.51

 

 

 

(20,939

)

 

 

13.01

 

Shares unvested and outstanding, June 30, 2025

 

 

499,318

 

 

$

3.80

 

 

 

3,495,891

 

 

$

3.68

 

 

 

(1) Shares totaling 9,906 were withheld as payment of taxes in the six months ending June 30, 2025.