v3.26.1
At-the-Market Equity Offerings
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
At-the-Market Equity Offerings At-the-Market Offerings
From time to time, the Company has entered into sales agreements with agents pursuant to which the Company could issue and sell shares of certain series of its Preferred Stock and class A common stock through ATMs. Pursuant to these agreements, the Company agreed to pay the sales agents commissions for their services in acting as agents with respect to the sale of shares through the at-the-market equity offering programs and also agreed to provide the sales agents with reimbursement for certain incurred expenses and customary indemnification and contribution rights.
As of June 30, 2026, the Company is party to the Omnibus Sales Agreement, pursuant to which the Company may from time to time through the Agents issue and sell shares of STRF Stock, STRC Stock, STRK Stock, STRD Stock, class A common stock and any additional series of preferred stock as may be designated by the Company from time to time in the future.
The following table sets forth total shares sold and net proceeds (net of sales commissions and expenses) received from shares sold under the Company's ATMs for the three and six months ended June 30, 2026 and 2025.
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Number of shares sold pursuant to at-the-market offerings:
STRF Stock ATMs— 1,566,750 — 1,566,750 
STRC Stock ATMs54,648,192 — 75,307,642 — 
STRK Stock ATMs— 4,551,460 38,796 4,901,367 
STRD Stock ATMs— — — — 
Class A common stock ATMs24,986,776 14,225,620 58,455,506 26,850,215 
Net proceeds received from shares sold pursuant to at-the-market offerings (in thousands):
STRF Stock ATMs$— $163,034 $— $163,034 
STRC Stock ATMs5,455,658 — 7,518,335 — 
STRK Stock ATMs— 446,792 2,968 477,190 
STRD Stock ATMs— — — — 
Class A common stock ATMs2,943,342 5,248,692 8,235,553 9,647,897 
Total$8,399,000 $5,858,518 $15,756,856 $10,288,121 
Issuance cost adjustments related to STRF, STRK and STRD Stock ATMs (in thousands):$259 $— $(45)$— 
The sales commissions and expenses related to sales of class A common stock described above are considered direct and incremental costs and are charged against “Additional paid-in capital” on the Consolidated Balance Sheet in the period in which the corresponding shares are issued and sold.