| Summary of Stock Option Activity |
The following table shows restricted stock unit (“RSU”) and stock option activity for the six months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options | | RSUs | | Total | | Weighted Average Exercise Price of Options | | Weighted Average Fair Market Value of RSUs | | | | Time-Based | | PSP | | LTIP | | | | | | | | Outstanding at December 31, 2025 | 18,006 | | | 13,584 | | | 7,866 | | | 409 | | | 39,865 | | | $ | 10.03 | | | $ | 31.16 | | | Granted | — | | | 12,542 | | | 6,217 | | | — | | | 18,759 | | | — | | | 23.39 | | | Exercised options / vested RSUs | (1,880) | | | (4,669) | | | (584) | | | (204) | | | (7,337) | | | 2.11 | | | 29.07 | | | Change in awards due to performance multiplier | — | | | — | | | (76) | | | — | | | (76) | | | — | | | 21.76 | | | Forfeited | (255) | | | (982) | | | (76) | | | (21) | | | (1,334) | | | 57.35 | | | 31.46 | | | Outstanding at June 30, 2026 | 15,871 | | | 20,475 | | | 13,347 | | | 184 | | | 49,877 | | | $ | 10.20 | | | $ | 27.20 | |
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| Summary of Stock Compensation Expense |
The following table shows stock-based compensation expense for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Three Months Ended June 30, 2025 | | Options | | RSUs | | Total | | Options | | RSUs | | Total | Time-Based (1) | $ | 1,369 | | | $ | 55,790 | | | $ | 57,159 | | | $ | 1,964 | | | $ | 54,629 | | | $ | 56,593 | | PSP (2) | — | | | 25,284 | | | 25,284 | | | — | | | 28,045 | | | 28,045 | | LTIP (2) | — | | | 111 | | | 111 | | | — | | | 63 | | | 63 | | | Total | $ | 1,369 | | | $ | 81,185 | | | $ | 82,554 | | | $ | 1,964 | | | $ | 82,737 | | | $ | 84,701 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | Six Months Ended June 30, 2025 | | Options | | RSUs | | Total | | Options | | RSUs | | Total | Time-Based (1) | $ | 4,192 | | | $ | 110,618 | | | $ | 114,810 | | | $ | 3,900 | | | $ | 97,321 | | | $ | 101,221 | | PSP (2) | — | | | 32,734 | | | 32,734 | | | — | | | 61,215 | | | 61,215 | | LTIP (2) | — | | | 225 | | | 225 | | | — | | | 1,111 | | | 1,111 | | | Total | $ | 4,192 | | | $ | 143,577 | | | $ | 147,769 | | | $ | 3,900 | | | $ | 159,647 | | | $ | 163,547 | |
(1) Time-based awards vest and are expensed over a defined service period. (2) PSP and LTIP awards vest based on defined performance criteria and are expensed based on the probability of achieving such criteria.
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