Schedule of Stock Option Activity |
The following tables summarize stock option activity under the Stock Plans for the period ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | (In thousands, except for share and per share amounts) | Outstanding Options | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Life (in years) | | Aggregate intrinsic value | Balance as of December 31, 2024 | 3,917,974 | | | $ | 0.17 | | | 5.52 | | | | | | | | | | | Exercised | (2,116) | | | 0.14 | | | | | | | | | | | | | | Expired | (1,058) | | | 1.21 | | | | | | Balance as of March 31, 2025 | 3,914,800 | | | 0.16 | | | 5.27 | | | | | | | | | | | Exercised | (185,745) | | | 0.31 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of June 30, 2025 | 3,729,055 | | | $ | 0.16 | | | 5.20 | | | Vested and expected to vest at June 30, 2025 | 3,729,055 | | | $ | 0.16 | | | 5.20 | | $ | 1,244 | | Vested and exercisable at June 30, 2025 | 2,670,818 | | | $ | 0.16 | | | 5.14 | | $ | 880 | |
|
Schedule of Restricted Stock Unit Activity |
The following table summarizes the RSU award activity for the period ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unvested outstanding | | Weighted-average grant date fair value | | Vested-deferred outstanding | | Weighted-average grant date fair value | | Total | Balance at December 31, 2024 | 13,432,980 | | | $ | 1.23 | | | 706,830 | | | $ | 1.23 | | | 14,139,810 | | Granted - RSU awards | 488,670 | | | 0.79 | | | — | | | — | | | 488,670 | | RSU awards vested and converted to shares | (265,201) | | | 1.01 | | | (513,342) | | | 2.26 | | | (778,543) | | RSU awards vested and deferred | (407,548) | | | 1.01 | | | 407,548 | | | 1.01 | | | — | | Forfeited - RSU awards | (169,801) | | | 1.50 | | | — | | | — | | | (169,801) | | Balance at March 31, 2025 | 13,079,100 | | | 1.22 | | | 601,036 | | | 1.22 | | | 13,680,136 | | Granted - RSU awards | 1,326,070 | | | 0.64 | | | — | | | — | | | 1,326,070 | | RSU awards vested and converted to shares | (449,561) | | | 1.39 | | | (31,871) | | | 1.39 | | | (481,432) | | RSU awards vested and deferred | (392,794) | | | 1.39 | | | 392,794 | | | 1.39 | | | — | | Forfeited - RSU awards | (27,770) | | | 1.03 | | | — | | | — | | | (27,770) | | Balance at June 30, 2025 | 13,535,045 | | | $ | 1.15 | | | 961,959 | | | $ | 1.15 | | | 14,497,004 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Schedule of Performance Award Activity |
The following table summarizes the PSU award activity for the period ended June 30, 2025: | | | | | | | | | | | | | Outstanding | | Weighted-average grant date fair value | Unvested balance at December 31, 2024 | 1,590,227 | | | $ | 5.33 | | Granted - PSU awards | 785,227 | | | 0.84 | | PSU awards vested and converted to shares | (151,790) | | | 0.93 | | Forfeited - PSU awards | (99,409) | | | 6.81 | | Unvested balance at March 31, 2025 | 2,124,255 | | | 3.98 | | | | | | | | | | Forfeited - PSU awards | (172,467) | | | 3.98 | | Unvested balance at June 30, 2025 | 1,951,788 | | | $ | 3.69 | | | | | | | | | | | | | | | | | |
|