v3.26.1
Equity
6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Equity Equity
2024 Equity Incentive Plan – On June 18, 2026, upon approval at our annual meeting of stockholders, we amended and restated our Amended and Restated 2024 Equity Incentive Plan (as amended and restated, the “A&R 2024 Equity Plan”) to reserve an additional 1,300,000 shares of our common stock that may be issued thereunder.

Stock Repurchase Programs – We had no stock repurchase activity during the three and six months ended June 30, 2026 or 2025 and had 10.7 million shares previously repurchased under our past repurchase programs. For accounting purposes, common stock repurchased under our stock repurchase programs is recorded based upon the settlement date of the applicable trade. Such repurchased shares are held in treasury and are presented using the cost method.

In addition, as of June 30, 2026 and 2025, we had 3.2 million and 3.0 million shares, respectively, in treasury that were previously surrendered by employees to satisfy tax withholding due in connection with the vesting of certain restricted stock units. As of June 30, 2026 and 2025, we had a total of 13.9 million and 13.7 million shares, respectively, held in treasury. Beginning in the first quarter of 2026, we changed our methodology for processing of employee tax remittances upon the vesting of stock-based equity awards from withholding shares to selling a portion of vested shares to cover the applicable withholding tax obligations (sell-to-cover). No shares are transferred to the Company’s treasury stock in connection with tax withholdings funded by sell-to-cover transactions. We continue to settle by withholding shares in connection with stock-based equity award settlements for certain employee insiders who are subject to short-swing profit rules.

Stock-Based Compensation Expense – Our stock-based compensation expense is summarized by award types for the periods presented below (in thousands):
Three Months Ended
 June 30,
Six Months Ended
 June 30,
2026202520262025
Restricted stock units
$2,122 $3,172 $4,169 $6,309 
Performance-based stock units173 500 341 946 
Employee stock purchase program35 53 78 93 
Common stock options— 151 — 317 
Total stock-based compensation expense$2,330 $3,876 $4,588 $7,665 
Related tax benefit recognized$567 $935 $1,116 $1,846 

The following table summarizes stock-based compensation expense by operating function for the periods presented (in thousands): 
Three Months Ended
 June 30,
Six Months Ended
 June 30,
2026202520262025
Marketing and advertising$380 $585 $648 $1,082 
Customer care and enrollment224 332 448 596 
Technology and content371 680 699 1,368 
General and administrative1,355 2,279 2,793 4,619 
Total stock-based compensation expense$2,330 $3,876 $4,588 $7,665 
Amount capitalized for internal-use software26 140 51 248 
Total stock-based compensation$2,356 $4,016 $4,639 $7,913