We are externally managed by our Manager and do not currently have any employees. However, as of June 30, 2026, our

Manager, certain individuals employed by an affiliate of our Manager, and certain members of our board of directors were

compensated, in part, through our issuance of stock-based instruments.

Under our two current stock incentive plans, a maximum of 10,400,000 shares of our class A common stock may be issued

to our Manager, our directors and officers, and certain employees of affiliates of our Manager. As of June 30, 2026, there

were 4,548,925 shares available under our current stock incentive plans.

The following table details the movement in our outstanding shares of restricted class A common stock and the weighted-


	Restricted Class A Common Stock	Weighted-Average Grant Date Fair Value Per Share
Balance as of December 31, 2025	2,174,931	$20.14
Granted	523,588	19.35
Vested	(670,742)	20.31
Forfeited	(26,145)	19.47
Balance as of June 30, 2026	2,001,632	$19.89

These shares generally vest in installments over a period of three years, pursuant to the terms of the respective award

agreements and the terms of our current stock incentive plans. The 2,001,632 shares of restricted class A common stock

outstanding as of June 30, 2026 will vest as follows: 670,126 shares will vest in 2026; 869,012 shares will vest in 2027;

and 462,494 shares will vest in 2028. As of June 30, 2026, total unrecognized compensation cost relating to unvested

share-based compensation arrangements was $38.3 million based on the grant date fair value of shares granted. This cost is

expected to be recognized over a weighted-average period of 1.1 years from June 30, 2026.