| Schedule of the Activity and Balances for Preferred Stock |
The following is a summary of the activity and balances for preferred stock during the fiscal years ended May 31, 2025 and May 31, 2026 (in thousands, other than share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Series E Redeemable Preferred Stock | | Series F Convertible Preferred Stock | | Series E-1 Redeemable Preferred Stock | | Series G Convertible Preferred Stock | | Shares | Amount | | Shares | Amount | | Shares | Amount | | Shares | Amount | Outstanding as of June 1, 2024 | — | | $ | — | | | — | | $ | — | | | — | | $ | — | | | — | | $ | — | | | Issuances, net of costs | 301,673 | | 6,932 | | | 53,191 | | 48,350 | | | 62,500 | | 57,026 | | | 78,000 | | 72,094 | | | Conversions | — | | — | | | (53,191) | | (48,350) | | | — | | — | | | — | | — | | | Redemptions | — | | — | | | — | | — | | | (15) | | (15) | | | — | | — | | Outstanding as of May 31, 2025 | 301,673 | | $ | 6,932 | | | — | | $ | — | | | 62,485 | | $ | 57,011 | | | 78,000 | | $ | 72,094 | | | Issuances, net of costs | — | | — | | | — | | — | | | — | | 10 | | | 835,800 | | 803,091 | | | Conversions | — | | — | | | — | | — | | | — | | — | | | (913,800) | | (875,185) | | | Redemptions | (25,000) | | (626) | | | — | | — | | | (576) | | (561) | | | — | | — | | Outstanding as of May 31, 2026 | 276,673 | | $ | 6,306 | | | — | | $ | — | | | 61,909 | | $ | 56,460 | | | — | | $ | — | |
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