v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity
A summary of stock option activity for the six months ended June 30, 2026 is as follows:
Number
of Options
Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (years)
Outstanding at December 31, 20251,318,479$2.22 4.74
Granted 197,330
Exercised during the period
(215,086)
Expired during the period
(10,744)
Outstanding at June 30, 20261,289,979$3.03 5.17
Exercisable at June 30, 20261,092,649$2.44 4.31
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of restricted stock units (“RSU”) activity for the six months ended June 30, 2026 is as follows:
Number
of RSUs
Weighted Average Grant-Date Value
Outstanding unvested RSUs at December 31, 20253,096,724$2.66 
Granted during the period1,016,7705.90 
Forfeited during the period(624,534)2.19 
Vested during the period (1)
(554,230)3.51 
Outstanding unvested RSUs at June 30, 20262,934,730$3.83 
(1) The issuance of Class A common stock was deferred, as elected by certain grantees, for 115,819 RSUs that vested during the six months ended June 30, 2026.
Share-Based Payment Arrangement, Stock Options, Valuation Assumptions
The following table lists the weighted average assumptions used under the Black-Scholes model for stock options granted during the six months ended June 30, 2026:
Six Months Ended June 30, 2026
Weighted average fair value of options at the measurement date (grant date)$5.13 
Dividend yield (%)— 
Expected volatility (%)110 %
Risk-free interest rate (%)4.29 %
Weighted average share price $6.28