v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Compensation Expense Recognized Related to all Stock-Based Awards
The following table presents compensation expense recognized related to stock-based awards, including transaction vesting expense recognized in connection with the Merger (in thousands):
 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Stock-based compensation $3,032 $8,603 $4,989 $16,159 
Transaction vesting compensation83,877 — 83,877 — 
Stock-based and transaction vesting compensation86,909 8,603 88,866 16,159 
Liability-classified compensation1,170 — 1,170 — 
Total compensation expense$88,079 $8,603 $90,036 $16,159 
Schedule of Restricted Stock Units
The following table presents a summary of activity for restricted stock units ("RSUs") for the six months ended June 30, 2026. Upon completion of the Merger on May 14, 2026, awards that vested or became vested at closing were settled in cash based on the $47.00 per share Merger Consideration, and the remaining unvested 2026 awards were converted to cash-settled awards. As a result, no RSUs remained outstanding as of June 30, 2026.
Restricted
Stock
Units
Weighted
Average
Grant Date
Fair Value
Per Share
Nonvested RSUs at December 31, 20253,122,349 $30.42 
Granted595,389 $46.30 
Vested(1,125,986)$25.97 
Forfeited(27,814)$28.43 
Settled at Merger(1,990,032)33.15 
Converted to cash-settled awards(573,906)46.30 
Nonvested RSUs at June 30, 2026— $—