v3.26.1
Stockholders’ Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Stock Option Activity and Weighted-average Exercise Prices A summary of stock option activity and weighted-average
exercise prices under the 2012 Plan and related information for the three months ended March 31, 2026 is as follows:
Number of stock options outstanding under the 2012 PlanWeighted-average exercise price per shareWeighted-average remaining contractual term (in years)Aggregate intrinsic value
Outstanding as of December 31, 202513,272 $9.21 1.1$373,724 
Options exercised (6,597)4.31 — — 
Options forfeited (3)0.34 — — 
Outstanding as of March 31, 20266,672 $14.06 1.4$55,500 
Vested and exercisable as of March 31, 20266,672 $14.06 1.4$55,500 
Schedule of Value of Options Exercised and Total Fair Value of Options
The following table summarizes information about the value of options exercised during the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31,
20262025
Intrinsic value of options exercised$162,342 $3,478 
Schedule of Activity for Unvested RSUs The following
table summarizes the activity for the Company’s unvested RSUs under the 2012 Plan and the 2025 Plan during the three months ended March 31, 2026, excluding the CEO equity awards described below:
Number of RSUs outstanding under the 2012 Plan and 2025 Plan
Weighted-average grant date fair value per share
Unvested at December 31, 202553,240 $32.32 
RSUs granted 6,204 26.06 
RSUs released/settled(4,544)27.74 
RSUs forfeited(1,845)30.08 
Unvested at March 31, 202653,055 $32.06 
Schedule of Tranches Eligible to Vest Based on Achievement of Certain Public Market Capitalization Targets
The award was comprised of three tranches that were eligible to vest based on the achievement of certain public market capitalization targets as follows:
TranchePublic market capitalization targetsShares of Class B common stock vested (thousands)
1$15  billion1,875
2$20  billion3,750
3$25  billion5,625
11,250
The award is comprised of seven tranches that are eligible to vest based on the achievement of certain stock price targets as follows:
TrancheStock price targetsPercentage of shares of Class B common stock vested
1$60 per share15%
2$70 per share15%
3$80 per share15%
4$90 per share15%
5$100 per share14.5%
6$110 per share13.5%
7$130 per share12%
100%