v3.26.1
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Disclosure of terms and conditions of share-based payment arrangement [abstract]  
Summary of RSUs Outstanding and Related Information

Activity in the Group’s RSUs outstanding and related information is as follows:

 

 

 

Number of RSUs

 

 

Weighted average grant date fair value ($)

 

As of December 31, 2025

 

 

1,621,503

 

 

 

13.51

 

Granted during the period

 

 

1,409,218

 

 

 

10.05

 

Forfeited during the period

 

 

(106,200

)

 

 

12.92

 

Vested during the period

 

 

(687,258

)

 

 

14.89

 

As of June 30, 2026

 

 

2,237,263

 

 

 

10.94

 

Summary of Number and Exercise Prices of Employee Stock Options

Activity in the Group’s stock options outstanding and related information is as follows:

 

 

 

Number of stock options

 

 

Weighted average exercise price ($)

 

As of December 31, 2025

 

 

464,838

 

 

 

26.81

 

Granted during the period

 

 

316,598

 

 

 

10.05

 

Forfeited during the period

 

 

(6,709

)

 

 

23.03

 

Expired during the period

 

 

(17,811

)

 

 

26.93

 

As of June 30, 2026

 

 

756,916

 

 

 

19.83

 

Vested and exercisable as of June 30, 2026

 

 

324,854

 

 

 

29.03

 

Summary of Inputs to Black-Scholes Option-pricing Model Used to Stock Options for Exchange to RSUs and Employee Stock Options

The following table lists the inputs to the Black-Scholes option-pricing model used for stock options granted during the six months ended June 30, 2026:

Expected term (years)

 

 

7

 

Weighted-average ADS price at grant date

 

 

10.05

 

Expected price volatility of the Company’s ADSs (%)

 

 

50.0

%

Risk-free interest rate (%)

 

 

4.27

%