The following table summarizes the share-based compensation and liability classified awards expense we recognized by award type for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2026		2025		2026		2025
Share options	$	17.4	$	3.0	$	35.4	$	5.4
Restricted share units (1)	5.4		—		16.0		—
Employee share purchase plan	0.1		—		0.3		—
Liability-classified awards	2.3		—		5.6		—
Total share-based compensation expenses	$	25.2	$	3.0	$	57.3	$	5.4

(1) Amount for the six months ended June 30, 2026 includes $8.4 million of expense related to the acceleration of restricted share units related to a separation agreement with a former executive. Under the terms of such separation agreement, the vesting of 442,250 previously unvested RSUs was accelerated as of the separation date, resulting in this incremental share-based compensation expense.


	Number of Options	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value		Weighted- Average Fair Value
Outstanding as of January 1, 2026	41,778,521	$	21.43	9.1	$	—	$	7.12
Granted	—	—		—	—		—
Exercised	—	—		—	—		—
Canceled	(767,981)	19.42		—	—		—
Forfeited	(1,070,309)	21.62		—	—		—
Outstanding as of June 30, 2026	39,940,231	$	21.46	8.6	$	—	$	7.17
Options exercisable as of June 30, 2026	9,618,884	$	20.06	7.6	$	—	$	2.87
Options unvested as of June 30, 2026	30,321,347	$	21.91	8.9	$	—	$	8.54

For the three months ended June 30, 2026 and 2025, share-based compensation expense from share option awards granted was $17.4 million and $3.0 million, respectively, which is included in "General and administrative expenses" in our condensed consolidated statements of operations. For the six months ended June 30, 2026 and 2025, share-based compensation expense from share option awards granted was $35.4 million and $5.4 million, respectively.

The unrecognized compensation cost related to unvested share option awards as of June 30, 2026 and December 31, 2025 was $204.4 million and $247.7 million, respectively. The weighted average remaining requisite service period as of June 30, 2026 is 1.4 years, over which period the total cost will be amortized as compensation expense within the financial statements.


	Number of Restricted Share Units	Weighted-Average Grant-Date Fair Value
Unvested as of January 1, 2026	1,926,188	$	20.19
Granted	5,491,457	11.72
Vested	(526,747)	20.80
Forfeited	(441,823)	20.20
Unvested as of June 30, 2026	6,449,075	$	12.93

For the three and six months ended June 30, 2026, share-based compensation expense from RSUs granted was $5.4 million and $16.0 million, which is included in "General and administrative expenses" in our condensed consolidated statements of operations.

As of June 30, 2026 and December 31, 2025, the unrecognized compensation cost related to unvested RSUs was $74.5 million and $34.9 million, respectively. The weighted average remaining requisite service period is 2.0 years, over which period the total cost will be amortized as share-based compensation expense within the financial statements.

Additionally, we have granted Performance Share Units ("PSUs") to certain executives and employees. The PSUs vest based on the achievement of annual performance targets over a three-year period of continued service to the Company, with the number of shares earned ranging from 0% to 250% of the target award. During the six months ended June 30, 2026, the Company recognized $0.9 million related to PSU awards included in as a component of RSUs.

For the three and six months ended June 30, 2026, share-based compensation expense from ESPP was $0.1 million and $0.3 million, which is included in "General and administrative expenses" in our condensed consolidated statements of operations.

For the three and six months ended June 30, 2026, the share-based compensation expense from the liability classified awards was $2.3 million and $5.6 million, respectively, which is included in "General and administrative expenses" in our consolidated statements of operations. As of June 30, 2026, the liability balance from the liability classified awards was $9.3 million, which is included in "Accounts payable and other liabilities" within our condensed consolidated balance sheets.