STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2026

The following tables summarize, beginning on June 24, 2026, the date of the Transactions, the (i) non-vested shares of restricted stock and restricted stock units and (ii) vesting schedule of shares of restricted stock and restricted stock units for the Company’s directors, officers and employees of the Company as of June 30, 2026 (dollar amounts in thousands):


	Restricted Stock Grants (2022 Plan)	Restricted Stock Units (Manager Plan) (1)	Grant Date Fair Value (2)





Outstanding as of June 24, 2026	57,471	2,945,580
Granted	—	2,195,923	$11,287
Vested	—	(354,800)	N/A
Forfeited	—	—	N/A
Outstanding as of June 30, 2026	57,471	4,786,703

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(1)Each restricted stock unit represents a contingent right to receive one share of the Company’s common stock, payable 50% in the Company’s common stock and 50% in the cash value thereof.

(2)The fair value of the Company’s share awards was determined using the Company’s per share NAV on the date of grant.

Below is a summary of restricted stock and restricted stock units vesting dates as of June 30, 2026:


	Restricted Stock Grants (2022 Plan)	Restricted Stock Units (Manager Plan)
Vesting Year
2026	57,471	768,691
2027	—	1,825,208
2028	—	1,460,830
2029	—	731,974
Total	57,471	4,786,703