v3.26.1
Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Equity Equity
Preferred Stock
Effective June 14, 2021, in connection with the closing of the Company’s Initial Public Offering (“IPO”), the Company’s board of directors (“Board”) is authorized to issue up to 10,000,000 shares of preferred stock, $0.01 par value per share, in one or more series. The Company's Board has the discretion to determine the rights, preferences, privileges and restrictions, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, of each series of preferred stock. As of June 30, 2026 and December 31, 2025, no shares of preferred stock were issued or outstanding.
Common Stock
As of June 30, 2026 and December 31, 2025, the Company had authorized 400,000,000 shares of voting common stock, $0.01 par value per share. Each holder of the Company's common stock is entitled to one vote for each share on all matters to
be voted upon by the stockholders and there are no cumulative rights. Subject to any preferential rights of any outstanding preferred stockholders, the Company's common stock are entitled to receive ratably the dividends, if any, as may be declared from time to time by the Board out of legally available funds. If there is a liquidation, dissolution, or winding up of the Company, holders of the Company's common stock would be entitled to share in the Company's assets remaining after the payment of liabilities and any preferential rights of any outstanding preferred stock. The rights, preferences, and privileges of the holders of the Company's common stock are subject to, and may be adversely affected by, the rights of the holders of shares of any series of preferred stock which the Company may designate and issue in the future.
As of June 30, 2026 and December 31, 2025, the Company had reserved shares of common stock for issuance in connection with the following:
June 30, 2026December 31, 2025
Options to purchase common stock2,388,966 2,405,436 
Restricted stock units outstanding4,685,986 4,221,609 
Shares available for future grant under the 2021 Plan1,951,086 1,900,107 
Shares available for future grant under the ESPP2,698,417 2,329,934 
Total11,724,455 10,857,086 
Treasury Stock
As of June 30, 2026, the Company had 11,379,080 shares of treasury stock carried at its cost basis of $55.7 million, and no funds remained available for future purchases.
The following table summarizes total treasury stock purchased under each of the Company's programs as of the periods presented:
(in thousands except share amounts)June 30, 2026December 31, 2025
SharesCost BasisSharesCost Basis
2023 Stock Repurchase Program4,926,635 $25,373 4,926,635 $25,373 
2024 Stock Repurchase Program1,994,879 8,039 1,994,879 8,039 
2025 Stock Repurchase Program2,267,670 12,095 316,546 1,565 
2026 Stock Repurchase Program2,189,896 10,200 — — 
Total11,379,080 $55,707 7,238,060 $34,977