| Schedule of Common Stock |
In the three months ended March 31, 2026 and 2025, no shares of Class B common stock were converted to Class A common stock. As of March 31, 2026, the par value of the Class A, Class B and Class C shares was $150, $14, and $3, respectively. As of December 31, 2025 the aggregate par value of the Class A, Class B and Class C shares was $148, $14 and $3, respectively.
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March 31, 2026 |
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December 31, 2025 |
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Shares Authorized |
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Shares Issued and Outstanding |
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Shares Issued and Outstanding |
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Class A |
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1,000,000,000 |
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15,011,477 |
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14,782,788 |
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Class B |
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100,000,000 |
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1,369,518 |
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1,369,518 |
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Class C |
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200,000,000 |
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277,777 |
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277,777 |
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1,300,000,000 |
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16,658,772 |
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16,430,083 |
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| Activity under Plans |
Activity under the Plans is as follows:
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Number of
Shares |
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Weighted
Average
Exercise Price |
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Weighted Average
Remaining
Contractual
Term (Years) |
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Aggregate
Intrinsic Value |
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Outstanding as of January 1, 2026 |
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340,426 |
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$ |
107.43 |
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2.9 |
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$ |
— |
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Forfeited |
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(11,503 |
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$ |
107.94 |
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Outstanding as of March 31, 2026 |
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328,923 |
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$ |
107.41 |
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2.6 |
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$ |
— |
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Vested and expected to vest as of December 31, 2025 |
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340,206 |
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$ |
107.43 |
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2.9 |
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$ |
— |
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Vested and expected to vest as of March 31, 2026 |
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328,703 |
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$ |
107.41 |
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2.6 |
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$ |
— |
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Options exercisable as of December 31, 2025 |
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340,426 |
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$ |
107.43 |
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2.9 |
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$ |
— |
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Options exercisable as of March 31, 2026 |
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328,923 |
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$ |
107.41 |
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2.6 |
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$ |
— |
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| Summary of Unvested Restricted Stock Unit Activity |
Activity for the restricted stock units is as follows:
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Shares |
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Weighted Average
Grant Date
Fair Value |
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Unvested as of January 1, 2026 |
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1,194,219 |
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$ |
14.91 |
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Granted |
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442,965 |
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5.22 |
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Vested |
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(166,846 |
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21.18 |
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Forfeited |
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(33,960 |
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22.61 |
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Unvested as of March 31, 2026 |
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1,436,378 |
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$ |
11.02 |
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| Summary of Performance-based or Market Condition Share Awards |
Activity for the restricted stock units with a performance or market condition is as follows:
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Shares |
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Weighted Average
Grant Date
Fair Value |
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Unvested as of January 1, 2026 |
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229,579 |
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$ |
11.79 |
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Cancelled/Forfeited |
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(5,144 |
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43.73 |
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Unvested as of March 31, 2026 |
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224,435 |
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$ |
11.05 |
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| Stock-Based Compensation Expense |
Stock-based compensation expense, related to all of the Company's stock-based awards, was classified in the condensed consolidated statements of operations and comprehensive loss as follows:
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Three Months Ended March 31, |
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2026 |
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2025 |
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Cost of revenues |
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$ |
117 |
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$ |
263 |
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Research and development |
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$ |
873 |
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1,610 |
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Selling and marketing |
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$ |
269 |
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607 |
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General and administrative |
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1,045 |
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5,206 |
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Total |
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$ |
2,304 |
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$ |
7,686 |
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