In the second quarter of 2026, we executed restructuring activities primarily within our sales and marketing departments and, to a lesser degree, within certain of our general and administrative business support departments to simplify our operations, align resources and investments with our core platform, and create capacity to reinvest in capabilities and solutions that improve the customer experience and strengthen our competitive position. The restructuring included a reduction of our workforce and has not been completed as of June 30, 2026 and was the initial stage of our restructuring activities discussed in Note 16, Subsequent Events.

During the three months ended June 30, 2026, we incurred $1.7 million of restructuring charges related to one-time employee termination benefits recorded within restructuring in the unaudited condensed consolidated statements of operations.

As of June 30, 2026, the restructuring liability accrued but not paid totaled $0.9 million, which is included within accrued expenses in the unaudited condensed consolidated balance sheets. We expect substantially all of the remaining cash payments to be settled in the third quarter of 2026 with some payments in the fourth quarter of 2026.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process beyond the third quarter of 2026 in certain countries. The charges that we expect to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses and timing of payments may differ materially from the estimates disclosed above.