Immediately prior to the closing of the IPO, the Company had an aggregate of 105,317,255 shares of redeemable convertible and convertible preferred stock issued and outstanding which automatically converted into 69,333,244 shares of common stock. Subsequent to the closing of the IPO, no shares of convertible preferred stock were issued or outstanding.

As of December 31, 2025, the Company’s convertible preferred stock consisted of the following (in thousands, except share data):


	As of December 31, 2025
	Convertible Preferred Stock Authorized		Convertible Preferred Stock Issued and Outstanding		Carrying Value		Liquidation Preference		Common Stock Issuable Upon Conversion
Series A convertible preferred stock		40,250,000		40,100,000	$	40,053	$	40,100		26,398,943
Series B convertible preferred stock		31,512,642		31,512,642		373,133		469,660		20,745,628
Series C convertible preferred stock		42,194,093		33,704,613		398,640		450,689		22,188,673
		113,956,735		105,317,255	$	811,826	$	960,449		69,333,244