
	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2026		2025		2026		2025
Restricted Stock Units	$	0.8	$	0.6	$	1.4	$	1.2
Stock Options(1)	—		—		—		(0.7)
Total	$	0.8	$	0.6	$	1.4	$	0.5

During the six months ended June 30, 2026, the Company granted a total of 871,774 time-vested restricted stock units (predominantly on a pro rata basis over three years) and 127,304 performance-based restricted stock units that vest if and when the Company’s Class B common stock price reaches and sustains a target price of $11.98 for a 20-day trading period within three years. The fair value of the performance-based restricted stock units was estimated using a Monte Carlo model. Unamortized stock compensation expense for all outstanding awards as of June 30, 2026 was $9.3 million.

In 2023, the Company issued warrants to Oaktree and the lenders party to the Credit Agreement to purchase up to 1.2 million shares of Class B common stock at an exercise price that was subject to adjustment based on the terms of the Credit Agreement (“Old Warrants”). The parties to the Credit Agreement executed Amendment No. 10 on August 10, 2025. As required by Amendment No. 10, the Company amended these warrants and extended their term to August 10, 2030 (“New Warrants”). The strike price of the New Warrants was set at $4.02 following the measurement period and is subject to certain adjustments as defined in the Credit Agreement. These warrants were classified as equity, and the incremental fair value of the New Warrants, which was recorded as debt issuance cost, was determined to be $1.1 million higher than the Old Warrants using the Black-Scholes option pricing model with the following assumptions as of the valuation date:


	New Warrants		Old Warrants
Strike price	$	4.02	$	11.09
Stock price on valuation date	$	2.00	$	2.00
Volatility	90.0%		90.0%
Expected term (years)	5		3
Risk-free interest rate	3.9%		3.7%
Annual variance	81.0%		81.0%
Dividend yield	—		—