EQUITY-BASED COMPENSATION EXPENSE (Tables)

6 Months Ended

Jun. 30, 2026

The following table summarizes stock option activity during the six months ended June 30, 2026:


	Options Outstanding
(in thousands, except per share amounts)	Number of Options	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (years)	Aggregate Intrinsic Value(1)
Outstanding, December 31, 2025	12,447	$	0.71	1.6	$	3,470

Granted	200	1.25
Exercised	(65)	0.35			$	18
Forfeited	(360)	0.38
Expired	(258)	0.76
Outstanding, June 30, 2026	11,964	$	0.73	1.2	$	1,303
Exercisable at June 30, 2026	7,191	$	0.96	1.2	$	630

(1)Based on the amount by which the closing market price of our Class A common stock exceeds the exercise price on each date indicated.

The following table summarizes the RSU activity during the six months ended June 30, 2026:


	Number of Shares (in thousands)	Weighted-Average Grant Date Fair Value per Share



Unvested, December 31, 2025	2,420	$	1.09
Granted	471	0.47
Vested(1)	(1,067)	1.02
Forfeited	(200)	1.17
Unvested, June 30, 2026	1,624	$	1.04

(1)Includes 299 vested shares that were withheld to cover tax obligations and were subsequently cancelled.

The following table details the equity-based compensation expense by type of award for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
RSUs	$	334	$	482	$	589	$	1,081
Stock Options	165		29		360		58

Total equity-based compensation expense	$	499	$	511	$	949	$	1,139