v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity
9. Stockholders’ Equity
Common Stock
The Company had reserved shares of Class A common stock for issuance under stock-based award agreements as follows:
As of June 30,As of December 31,
20262025
Stock options issued and outstanding23,751 67,297 
Nonvested restricted stock units issued and outstanding4,626,717 5,534,657 
Stock-based awards available for grant under the 2017 Plan4,759,880 3,751,786 
Total9,410,348 9,353,740 
Share Repurchase Program
On February 19, 2026, the Company’s Board of Directors authorized a share repurchase program of up to $80.0 million of the Company’s outstanding Class A common stock, subject to market conditions, contractual restrictions and other factors. Under the share repurchase program, the Company may purchase shares from time to time at the discretion of management through open market purchases, block trades, accelerated or other structured share repurchase programs, privately negotiated transactions, Rule 10b5-1 plans or other means. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The manner, timing, pricing and amount of any transactions will be subject to the discretion of management and may be based upon market conditions, regulatory requirements and alternative opportunities that the Company may have for the use or investment of its capital. The program does not obligate the Company to acquire any particular amount of Class A common stock, and the program may be extended, modified, suspended or terminated at any time at the Company’s discretion.
The following table summarizes the Company’s share repurchase activity under its share repurchase program:
Three months ended June 30,Six months ended June 30,
2026202520262025
(In thousands, except share and per share amounts)
Total number of shares repurchased262,858 — 576,794 — 
Average price per share (1)
$57.06 $— $34.67 $— 
Aggregate purchase price (1)
$15,000 $— $20,000 $— 
________________________
(1) Excludes transaction costs and excise tax associated with the repurchase, if any.
As of June 30, 2026, approximately $60.0 million remained available for repurchases under the share repurchase program.