v3.26.1
Stock-Based Compensation
6 Months Ended
Jun. 28, 2026
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

(14) Stock-Based Compensation

 

The information below summarizes the stock option activity under the Plans.

 

   Number of
Shares
   Weighted
Average
Exercise
Price per
Share
   Weighted
Average
Contractual
Term
(Years)
   Aggregate
Intrinsic
Value
(in thousands)
 
Outstanding—December 28, 2025   4,930,300   $4.62    5.58   $1,903 
Options cancelled   (15,237)   0.51           
Outstanding—June 28, 2026   4,915,063    4.63    5.18    1,246 
Vested and expected to vest — June 28, 2026   4,915,063    4.63    5.18    1,246 
Vested and exercisable — June 28, 2026   1,742,177    5.84    2.19    436 

 

The information below summarizes the RSU activity.

 

   Number of
RSUs
   Weighted
Average
Grant Date
Fair Value
 
Unvested at December 28, 2025   14,234,360   $1.79 
Vested and released   (1,528,190)   1.72 
Cancelled or forfeited   (11,070)   1.74 
Unvested at June 28, 2026   12,695,100    1.72 

 

The aggregate fair value of the Company’s RSUs that vested in the twenty-six week periods ended June 28, 2026 and June 29, 2025 were $1.5 million and $1.9 million, respectively. 

 

As of June 28, 2026, there was a total of $0.9 million and $15.9 million of unrecognized stock-based compensation costs related to service-based options and RSUs, respectively. Such compensation cost is expected to be recognized over a weighted-average period of approximately 2.1 years and 4.08 years, respectively.

 

Stock-based compensation expense

 

The following table summarizes stock-based compensation expense and its allocation within the accompanying consolidated statements of operations and comprehensive loss (in thousands):

 

   Thirteen Weeks Ended   Twenty-six Weeks Ended 
   June 28,   June 29,   June 28,   June 29, 
   2026   2025   2026   2025 
Cost of revenues  $334   $1,363   $819   $1,518 
Sales and marketing   361    1,303    827    1,487 
General and administrative   570    2,618    1,224    2,748 
Total stock-based compensation expense  $1,265   $5,284   $2,870   $5,753