For the three and six months ended June 30, 2026, the Company recognized a $15,257 net gain and a $118,724 net expense in share-based compensation, respectively, which are included within general and administrative expenses within the unaudited condensed consolidated statement of operations. The net gain during the three months ended June 30, 2026, was primarily attributable to forfeitures triggered by the departure of certain executives, which resulted in the reversal of share-based compensation previously recorded for such executives. For the six months ended June 30, 2026, the Company capitalized $31,118 of share-based compensation expense, which is included within property, plant, and equipment, net, on the unaudited condensed consolidated balance sheet. No share-based compensation was capitalized during the three months ended June 30, 2026. As of June 30, 2026, total unrecognized compensation cost related to unvested awards, including awards with performance conditions that were deemed probable to vest at the end of their respective performance period, was $134,745, and is expected to be recognized over the weighted-average requisite service period of 1.30 years.


Six Months Ended June 30, 2026	Service-based Awards	Weighted-Average Grant Date FV (Service)		Performance- based Awards	Weighted-Average Grant Date FV (Performance)
Balance at December 31, 2025	12,585,290	$	4.97	27,326,780	$	20.39
Granted	4,279,719	$	7.29	—	$	—
Released	(703,489)	$	7.60	(9,040,080)	$	21.00
Forfeited	(9,622,105)	$	4.23	(7,774,320)	$	19.02
Balance at June 30, 2026	6,539,415	$	7.30	10,512,380	$	20.87