v3.26.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation STOCK-BASED COMPENSATION
The following is a summary of RSU activity for the three months ended March 31, 2026 and 2025:
For the three months ended March 31,
20262025
SharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair Value
Unvested - beginning of period32,721,352 $5.46 19,997,692 $6.68 
Granted 1
3,699,158 3.43 2,145,576 5.30 
Vested(535,984)5.97 (344,957)6.75 
Forfeited(1,151,880)5.04 (448,619)6.31 
Unvested - end of period34,732,646 $5.25 21,349,692 $6.55 
1 The RSUs granted during the three months ended March 31, 2026 had vesting terms ranging from immediate to 6 years from the grant date.
Stock-based compensation expense recognized for the three months ended March 31, 2026 and 2025 was $13.2 million and $8.3 million, respectively. As of March 31, 2026, there was $114.8 million of unrecognized compensation expense related to unvested awards which is expected to be recognized over a weighted average period of 3.36 years.