
	Three Months Ended
	June 27, 2026			June 28, 2025
	Shares	Weighted Average Exercise Price Per Share		Shares	Weighted Average Exercise Price Per Share

Options cancelled	40,703	$	25.46	30,453	$	25.83


	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
RSUs granted	1,700,140	$	2.72	901,098	$	6.74

PSUs granted	4,266,955	$	1.44	—	$	—


	Six Months Ended
	June 27, 2026			June 28, 2025
	Shares	Weighted Average Exercise Price Per Share		Shares	Weighted Average Exercise Price Per Share
Options granted	—	$	—	536,432	$	9.05
Options cancelled	46,271	$	26.41	72,442	$	23.77


	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
RSUs granted	2,850,848	$	2.04	2,287,399	$	8.12

PSUs granted	4,266,955	$	1.44	620,673	$	9.47
PSUs performance adjustment	(181,281)	$	—	—	$	—

Share-based compensation expense was $3.7 million and $7.4 million for the three and six months ended June 27, 2026, and $4.5 million and $7.7 million for the three and six months ended June 28, 2025, respectively. As of June 27, 2026, we had $28.4 million of total unrecognized share-based compensation expense related to non-vested share-based compensation arrangements. This cost is expected to be recognized over the remaining weighted-average vesting period of 1.8 years.

During the first quarter of 2026, the Company modified certain underwater stock options and a subset of 2024 PSUs to require cash settlement. For the modified underwater stock options, the modification resulted in a classification change from equity to liability. In accordance with ASC 718, the Company records a share-based compensation liability for the modified options measured at fair value and remeasured at each reporting date until settlement, with changes recognized in share-based compensation expense included within SG&A in the accompanying unaudited condensed consolidated statements of operations. As of June 27, 2026, the Company measured the share-based compensation liability for the modified underwater stock options using a Black-Scholes valuation. For the cash-settled subset of the 2024 PSUs, the Company currently assesses the performance conditions as not probable. Accordingly, no share-based compensation expense or related liability has been recognized for these awards during the three and six months ended June 27, 2026. The Company will assess the probability of achievement at each reporting date and, if performance conditions become probable, will recognize share-based compensation expense and a related liability, with subsequent remeasurement through earnings until settlement.