v3.25.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
Restricted stock activity for the year ended December 31, 2025, was as follows:
SharesWeighted Average
Grant Date Fair Value
per Share
Outstanding as of December 31, 2024
7,583,255 $4.61 
Granted50,000 2.33 
Vested(2,057,647)5.32 
Forfeited(244,664)5.16 
Outstanding as of December 31, 2025
5,330,944 $4.30 
Schedule of Valuation Assumptions, Stock Options
Stock option activity for the year ended December 31, 2025, was as follows:
Number of
Common
Stock
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (in years)
Aggregate
intrinsic
Value (in
thousands)
Balance as of December 31, 2024
17,137,358 $10.48 6.4$1,156 
Granted5,730,000 3.98 6.0— 
Exercised— — — — 
Modified
(11,500,000)13.24 — — 
Forfeited(164,657)5.39 — — 
Balance as of December 31, 2025
11,202,7014.40 5.5184 
Exercisable as of December 31, 2025
5,445,4144.70 4.7184 
Vested and expected to vest as of December 31, 2025
11,202,701$4.40 5.5$184