v3.26.1
Stock-based Compensation (Tables)
3 Months Ended
Mar. 29, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes the stock option activity under the Company’s 2026 Equity Incentive Plan for the three-month fiscal period ended March 29, 2026:
OptionsWeighted-Average Exercise PriceWeighted Average Remaining Contractual Term (years)Aggregate Intrinsic Value (in thousands)
Outstanding at December 28, 2025
7,938,157 $2.93 
Granted309,956 $19.69 
Forfeited or expired
(29,881)$5.69 
Exercised(538,211)$2.09 
Outstanding at March 29, 2026
7,680,021 $3.66 5.69$53,999 
Exercisable at March 29, 2026
5,423,848 $2.35 4.68$43,188 
Options expected to vest at March 29, 2026
2,256,173 $6.80 8.12$10,811 
Schedule of Fair Value Assumptions
The following table summarizes the weighted-average grant date fair value of stock options granted during the period and the assumptions that were used in determining the grant date fair value of each award granted:
Three-Month Fiscal Period Ended
March 29, 2026March 30, 2025
Weighted-average grant date fair value per stock option$9.86 $3.88 
Risk-free interest rate
3.75% - 3.77%
3.69% - 4.24%
Expected stock price volatility
45.66% - 45.85%
40.00% - 45.00%
Average expected life (in years)
6.3 - 6.5
4.5 - 6.5
Dividend yield—%—%