STOCK-BASED COMPENSATION (Tables)
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12 Months Ended |
Aug. 01, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity |
The following table summarizes the shares available for grant under the 2017 Plan: | | | | | | | | | | | Shares Available for Grant | Balance at August 2, 2025 | | 2,630,245 | | | Authorized | | 6,623,813 | | | Granted | | (7,894,396) | | | Performance adjustment | | (753,624) | | | Forfeited | | 3,726,345 | | Balance at August 1, 2026 | | 4,332,383 | |
Stock option activity under the 2011 Plan, 2017 Plan, and 2019 Plan was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding | | | Number of
Options | | Weighted-
Average
Exercise
Price | | Weighted-
Average
Remaining
Contractual
Life (in years) | | Aggregate
Intrinsic
Value
(in thousands) | Balance at August 2, 2025 | | 9,316,495 | | | $ | 5.43 | | | 7.41 | | $ | 6,774 | | | | | | | | | | | | | | | | | | | | | Exercised | | (603,919) | | | 3.08 | | | | | | | Cancelled | | (17,257) | | | 15.38 | | | | | | Balance at August 1, 2026 | | 8,695,319 | | | $ | 5.57 | | | 6.36 | | $ | 3,148 | | | | | | | | | | | | Options vested and exercisable at year-end | | 8,008,875 | | | $ | 5.72 | | | 6.28 | | $ | 2,793 | | | Options vested and expected to vest at year-end | | 8,695,319 | | | $ | 5.56 | | | 6.35 | | $ | 3,148 | |
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| Schedule of Restricted Stock Units Activity |
RSU award activity under the 2017 Plan and 2019 Plan was as follows: | | | | | | | | | | | | | Unvested RSU Awards | | Class A Common Stock | | Weighted-
Average
Grant Date
Fair Value | Unvested at August 2, 2025 | 6,591,285 | | | $ | 4.18 | | | | | | | Granted | 6,665,249 | | | 4.44 | | | Vested | (5,482,137) | | | 4.38 | | Forfeited (1) | (3,346,679) | | | 4.39 | | Unvested at August 1, 2026 | 4,427,718 | | | $ | 4.17 | |
(1) This amount includes shares withheld for taxes upon vesting, which are returned to the respective equity incentive plan and become available for future grant.
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| Schedule of Performance Stock Units Activity |
PSU award activity under the 2017 Plan was as follows: | | | | | | | | | | | | | Unvested PSU Awards | | Class A Common Stock | | Weighted-
Average
Grant Date
Fair Value | Unvested at August 2, 2025 | 2,638,991 | | | $ | 3.48 | | | | | | | Granted | 1,611,800 | | | 4.49 | | Performance adjustment (1) | 753,624 | | | 3.51 | | | Vested | (1,007,840) | | | 3.51 | | Forfeited (2) | (779,143) | | | 3.48 | | Unvested at August 1, 2026 | 3,217,432 | | | $ | 3.98 | |
(1) Performance adjustment reflects incremental PSUs earned as a result of the attainment of the original award’s specified performance-based metrics. (2) Forfeited includes shares withheld for taxes upon vesting, which are returned to the 2017 Plan and become available for future grant.
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| Schedule of Black Scholes Option Pricing Model Assumptions |
The fair value of stock options granted in fiscal 2024 to employees was estimated at the grant date using the Black-Scholes option-pricing model with the following assumptions: | | | | | | | | | | | | | | | For the Fiscal Year Ended | | | | | August 3, 2024 | | Expected term (in years) | | | | 3.7 - 5.5 | | Volatility | | | | 77.3% - 79.9% | | Risk free interest rate | | | | 4.1% - 4.8% | | Dividend yield | | | | —% |
There were no PSUs with market-based vesting conditions granted during fiscal 2026 or fiscal 2024. The following assumptions are used to establish the fair value of the Company’s PSUs with market-based vesting conditions: | | | | | | | For the Fiscal Year Ended | | August 2, 2025 | | Fair value per tranche | $3.01 - $3.64 | | Derived service period (in years) | 0.59 - 1.57 | | Expected volatility | 83.2% | | Risk-free rate | 3.8% | | Cost of equity | 20.6% |
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