13. Subsequent Events

On July 8, 2026, the Company granted a total of 1.8 million time-based RSUs and 4.8 million PRSUs to its Chief Executive Officer, as well as its President under its 2026 Equity Incentive Plan. The time-based RSUs vest over approximately four years, subject to continued service. The PRSUs vest based on Adjusted EBITDA CAGR targets achieved over the performance periods of the fiscal year ended December 31, 2027 and 2028, respectively (ranging from 0% to 200% of target), subject to a market condition and continued service. The Company estimates that it will recognize approximately $6.6 million of stock-based compensation expenses related to these awards in the third quarter of 2026.

On August 2, 2026, our board of directors authorized a $100 million share repurchase program of our outstanding Class A common stock which will be funded from available working capital. Repurchases of our Class A common stock may be effected, from time to time, on the open market (including pre-set trading plans), and other transactions in accordance with applicable securities laws. The share repurchase program does not have a fixed expiration date, does not obligate us to acquire any particular amount of Class A common stock, and may be suspended or discontinued at any time.