v3.26.1
Share Capital (Tables)
3 Months Ended
Mar. 31, 2026
Disclosure of Share Capital [Line Items]  
Schedule of Common Stock Outstanding Roll Forward

A reconciliation of the beginning and ending amounts of the issued and outstanding shares by class is as follows:

 

 

 

Issued and Outstanding

 

 

Subordinate
Voting
Shares

 

Multiple
Voting
Shares

 

Super
Voting
Shares

As at January 1, 2026

 

206,629,845

 

37,472

 

201,690

Issuance of shares upon exercise of options

 

5,000

 

 

Issuances of shares upon vesting of RSUs

 

1,423,290

 

 

Repurchase of Super Voting Shares

 

(6,045,000)

 

 

As at March 31, 2026

 

202,013,135

 

37,472

 

201,690

 

(i) Repurchase of Subordinate and Super Voting Shares

Share-based Payment Arrangement, Option, Activity

The following table summarizes Stock option activity:

 

Number of Shares

Weighted Average Exercise Price

Weighted Average Remaining Contractual Life

Balance as of December 31, 2025

7,692,764

$10.65

3.78

Granted

 

Exercised

(5,000)

7.59

 

Forfeited

(138,636)

17.44

 

Balance as of March 31, 2026

7,549,128

$10.24

3.46

Exercisable as of March 31, 2026

6,165,052

$5.74

0.23

Schedule of Stock-Based Compensation Expense

The stock-based compensation expense for the three months ended March 31, 2026 and 2025 was as follows:

 

 

Three Months Ended March 31,

 

 

 

2026

 

2025

 

 

 

(in thousands)

 

Stock options expense

$

1,252

$

2,093

 

Restricted stock units

 

9,265

 

8,216

 

Total stock based compensation expense

$

10,517

$

10,309

 

Restricted Stock Units  
Disclosure of Share Capital [Line Items]  
Non-vested Restricted Stock Shares Activity

The following table summarizes the number of unvested RSU awards as of March 31, 2026 and December 31, 2025 and the changes during the three months ended March 31, 2026:

 

 

Number of Shares

 

Weighted Average Grant Date Fair Value

Unvested Shares at December 31, 2025

 

9,518,293

$

8.30

Granted

 

107,681

 

6.84

Forfeited

 

(904,361)

 

7.56

Vested

 

(1,423,290)

 

8.36

Unvested Shares at March 31, 2026

 

7,298,323

$

8.27