Stockholders' Equity |
3 Months Ended | ||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Stockholders' Equity | 13. Stockholders’ Equity Shares The Company’s certificate of incorporation authorized the Company to issue the following classes of shares with the following par value and voting rights as of March 31, 2026. The liquidation and dividend rights are identical among shares equally in the Company’s earnings and losses on an as converted basis.
Subordinate Voting Shares Holders of Subordinate Voting Shares are entitled to one vote in respect of each Subordinate Voting Share held. Multiple Voting Shares Holders of Multiple Voting Shares are entitled to votes for each Multiple Voting Share held. Multiple Voting Shares each have the restricted right to convert to Subordinate Voting Shares subject to adjustments for certain customary corporate changes. Shares Issued During the three months ended March 31, 2026, 702 Multiple Voting Shares were converted into 70,200 Subordinate Voting Shares for no additional consideration. During the three months ended March 31, 2025, 7,201 Multiple Voting Shares were converted into 720,100 Subordinate Voting Shares for no additional consideration. During the three months ended March 31, 2025, employee stock options were exercised for 138,655 Subordinate Voting Shares. During the three months ended March 31, 2025, stock warrants were exercised for 265,626 Subordinate Voting Shares. During the three months ended March 31, 2025, 1,077,859 shares were issued in connection with the settlement of restricted stock units. 239,633 shares were net settled to pay payroll taxes associated with the issuance, resulting in the final issuance of 838,226 shares. |