Share-Based Compensation (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Share-Based Compensation |
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| Schedule of movement of stock options |
| | | | | | | | | Number of | | Number of | | | | | Short-Term | | Long-Term | | Number of | | | Options | | Options | | Options | | | Outstanding | | Outstanding | | Outstanding | | | under 2018 | | under 2018 | | under | | | Plan | | Plan | | Incentive Plan | Outstanding – December 31, 2024 | | 14,300,575 | | 9,644,874 | | 3,940,000 | Granted | | — | | — | | 7,750,000 | Expired/ Forfeited | | (11,578) | | — | | (500,000) | Exercised | | (4,051,304) | | (695,242) | | — | Outstanding – December 31, 2025 | | 10,237,693 | | 8,949,632 | | 11,190,000 | Exercised | | (1,594,041) | | (284,418) | | (166,667) | Outstanding – March 31, 2026 | | 8,643,652 | | 8,665,214 | | 11,023,333 |
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| Summary of the RSU activity |
| | | | | | | Three months ended | | Three months ended | | | March 31, | | March 31, | Vesting Period | | 2026 | | 2025 | Vesting Immediately (1) | | 543,920 | | 2,619,585 | Vesting fully within the first anniversary of the grant date | | — | | 60,000 | Vesting in thirds on each anniversary of the grant date | | — | | 8,818,935 | Vesting in fourths on each anniversary of the grant date | | — | | 176,302 | Vesting based on performance conditions | | — | | 324,184 | Total Units Granted | | 543,920 | | 11,999,006 |
| (1) | During the three months ended March 31, 2026, 539,437 RSUs were issued to settle liabilities with a carrying amount of $3.2 million, at a weighted average grant date fair value of $5.87 per RSU. (During the three months ended March 31, 2025, 2,469,585 RSUs were issued to settle liabilities with a carrying amount of $4.1 million, at a weighted average grant date fair value of $1.68 per RSU and 150,000 RSUs, were issued to consultants resulting in $0.3 million charged as general and administrative expenses). |
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| Restricted Stock Units ("RSUs") |
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| Share-Based Compensation |
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| Summary of the RSU activity |
| | | | | Number of RSUs | | | Outstanding | Outstanding – December 31, 2024 | | 34,312,655 | Granted | | 35,381,992 | Forfeited | | (1,076,371) | Exercised | | (20,296,128) | Outstanding - December 31, 2025 | | 48,322,148 | Granted | | 543,920 | Exercised | | (8,176,728) | Outstanding - March 31, 2026 | | 40,689,340 |
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