| Schedule of movement of stock options |
| | | | | | | | | Number of | | Number of | | | | | Short-Term | | Long-Term | | Number of | | | Options | | Options | | Options | | | Outstanding | | Outstanding | | Outstanding | | | under 2018 | | under 2018 | | under | | | Plan | | Plan | | Incentive Plan | Outstanding – December 31, 2024 | | 14,300,575 | | 9,644,874 | | 3,940,000 | Granted | | — | | — | | 7,750,000 | Expired/ forfeited | | (11,578) | | — | | (500,000) | Exercised | | (4,051,304) | | (695,242) | | — | Outstanding – December 31, 2025 | | 10,237,693 | | 8,949,632 | | 11,190,000 | Exercised | | (1,594,041) | | (284,418) | | (166,667) | Outstanding – June 30, 2026 | | 8,643,652 | | 8,665,214 | | 11,023,333 |
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| Summary of the RSU activity |
| | | | | | | | | | | Three months ended | | Three months ended | | Six months ended | | Six months ended | | | June 30, | | June 30, | | June 30, | | June 30, | Vesting Period | | 2026 | | 2025 | | 2026 | | 2025 | Vesting immediately (1) | | 159,941 | | 462,042 | | 703,861 | | 3,081,627 | Vesting fully within and on first anniversary of the grant date (2) | | 99,168 | | 134,226 | | 99,168 | | 194,226 | Vesting in thirds on each anniversary of the grant date (3) | | 5,821,114 | | — | | 5,821,114 | | 8,818,935 | Vesting in fourths on each anniversary of the grant date | | — | | — | | — | | 176,302 | Vesting three years from grant date | | — | | 66,508 | | — | | 66,508 | Vesting based on performance conditions | | — | | 364,785 | | — | | 688,969 | Total Units Granted | | 6,080,223 | | 1,027,561 | | 6,624,143 | | 13,026,567 |
| (1) | Of the 159,941 RSUs granted during the three months ended June 30, 2026, 64,568 RSUs were granted to consultants and employees with an aggregate fair value of $0.4 million recorded in general and administrative expenses. The 159,941 RSUs granted during the three months ended June 30, 2026, also consist of 95,373 RSUs with an aggregate fair value of $0.6 million issued to the non-employee directors in lieu of the cash portion of their director fees which commenced from the second quarter of 2025 until the end of March 2026. Of the 462,042 RSUs granted during the three months ended June 30, 2025, 310,530 RSUs were granted to consultants with an aggregate fair value of $0.8 million recorded in general and administrative expenses. The 462,042 RSUs granted during the three months ended June 30, 2025, also consist of 91,512 RSUs with an aggregate fair value of $398,075 issued to the non-employee directors in lieu of the cash portion of their director fees which commenced from the second quarter of 2024 until the end of March 2025. The remaining 60,000 grants were issued to employees. |
| (2) | During the three months ended June 30, 2026, an aggregate of 99,168 RSUs were granted to the Company’s non-employee directors under the Company’s Non-employee Director Compensation Policy, which will vest at the Company’s 2027 annual shareholders meeting. The total fair value of units granted as annual grants to non-employee directors amounted to $0.6 million. During the three months ended June 30, 2025, an aggregate of 134,226 RSUs were granted to the Company’s non-employee directors under the Company’s Non-employee Director Compensation Policy, which vested at the Company’s 2026 annual shareholders meeting. The total fair value of units granted as annual grants to non-employee directors amounted to $0.6 million. In the first quarter of 2025, 60,000 RSUs vesting on July 1, 2025, were issued to a consultant, resulting in $0.1 million charged as general and administrative expenses. |
| (3) | The Company granted 5,750,193 RSUs, as payment for the 2025 LTIP awards (8,818,935 RSUs were granted as payment 2024 LTIP award during the first quarter of 2025). The Company also granted 70,921 RSUs as initial awards to employees in the second quarter of 2026. |
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| Summary of the RSU activity |
| | | | | Number of RSUs | | | Outstanding | Outstanding – December 31, 2024 | | 34,312,655 | Granted | | 35,381,992 | Forfeited | | (1,076,371) | Exercised | | (20,296,128) | Outstanding – December 31, 2025 | | 48,322,148 | Granted | | 6,624,143 | Forfeited | | (19,842) | Exercised | | (8,689,551) | Outstanding – June 30, 2026 | | 46,236,898 |
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