Stock-Based Compensation Plans (Tables)

3 Months Ended

Aug. 31, 2026

As of August 31, 2026, the total number of shares authorized for grant under the 2026 Plan is shown in the table below:


Available Shares
Original share pool of the 2026 Plan						22,500,000
Total shares authorized for grant as of August 31, 2026						22,500,000

Shares available for future grant as of August 31, 2026 under the 2026 Plan were as follows:

RSA activity for the three months ended August 31, 2026 is summarized below:


	Number of Shares	Weighted-Average Grant Date Fair Value
Unvested as of June 1, 2026	1,000,000	$	17.92
Granted	200,000	22.86
Vested	—	—
Forfeited	—	—
Unvested as of August 31, 2026	1,200,000	$	18.74

RSU activity for the three months ended August 31, 2026 is summarized below:


	Number of Shares	Weighted-Average Grant Date Fair Value
Unvested as of June 1, 2026	17,208	$	10.02
Granted	7,442,846	20.86
Vested	(2,500)	4.72
Forfeited	(889)	14.70
Unvested as of August 31, 2026	7,455,665	$	20.84

Stock-based compensation expense related to RSAs and RSUs was recorded as follows (in thousands):


	Three Months Ended
	August 31, 2026		August 31, 2025
Cost of revenues	$	31	$	90
Selling, general and administrative	10,097		—
Total stock-based compensation	$	10,128	$	90