v3.26.1
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders’ Equity [Abstract]  
Schedule of Restricted Stock Awards

Based on the closing market price of our common stock on June 30, 2026 and December 31, 2025 of $10.72 and $12.26, respectively, the aggregate intrinsic value of our restricted stock awards was as follows:

 

 

As of June 30, 2026

 

 

As of December 31, 2025

 

 

Outstanding

 

 

Vested

 

 

Outstanding

 

 

Vested

 

Aggregate intrinsic value

 

$

4,282,533

 

 

$

6,720,625

 

 

$

4,951,152

 

 

$

4,916,235

 

Schedule of Restricted Stock Activity

The following table summarizes the restricted stock activity for the Company’s directors and officers and employees of the Manager during the six months ended June 30, 2026 and 2025.

 

 

Unvested Restricted Stock

 

 

Weighted Average Grant Date
Fair Value
per Share

 

Balance at December 31, 2025

 

 

403,846

 

 

$

15.00

 

Granted

 

 

229,764

 

 

 

11.86

 

Vested

 

 

(234,120

)

 

 

14.96

 

Balance at June 30, 2026

 

 

399,490

 

 

$

13.22

 

 

 

 

Unvested Restricted Stock

 

 

Weighted Average Grant Date
Fair Value
per Share

 

Balance at December 31, 2024

 

 

411,303

 

 

$

15.14

 

Granted

 

 

187,157

 

 

 

14.79

 

Vested

 

 

(180,840

)

 

 

15.09

 

Forfeited

 

 

(6,469

)

 

 

15.46

 

Balance at June 30, 2025

 

 

411,151

 

 

$

15.00