v3.26.1
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
As of June 30, 2026, the Company had only granted awards in the form of stock options, restricted stock units (“RSUs”), and performance stock units (“PSUs”).

A summary of the Company’s stock option activity for the six months ended June 30, 2026 was as follows:

(in thousands, except share and per share data)Stock OptionsWeighted- Average Exercise PriceWeighted- Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Outstanding as of December 31, 2025
1,841,792$13.65 5.6$1,748 
   Granted—— —— 
   Exercised—— —— 
   Forfeited—— —— 
Outstanding as of June 30, 2026
1,841,792$13.65 5.1$1,612 
Vested and exercisable as of June 30, 2026
1,841,792$13.65 5.1$1,612 

A summary of the Company’s RSUs activity for the six months ended June 30, 2026 was as follows:

SharesWeighted- Average Grant Date Fair Value
Unvested as of December 31, 2025
1,629,184 $6.88 
Granted800,535 7.73 
Vested(574,048)7.28 
Forfeited(131,090)6.31 
Unvested as of June 30, 2026
1,724,581 $7.18 
A summary of the Company’s PSUs activity for the six months ended June 30, 2026 was as follows:

SharesWeighted-Average Grant Date Fair Value
Unvested as of December 31, 2025
19,276 $3.26 
Granted— — 
Vested(19,276)3.26 
Forfeited— — 
Unvested as of June 30, 2026
— $— 

The Company recognized stock-based compensation expense related to stock options, RSUs, and PSUs of $3.0 million and $5.1 million for the three months ended June 30, 2026 and 2025, respectively and $4.6 million and $6.3 million for the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, total unrecognized compensation expense related to unvested RSUs was $11.0 million which will be recognized over a weighted-average vesting period of approximately 2.0 years. As of June 30, 2026, there were no unrecognized compensation expenses related to unvested stock options and PSUs.