Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2026

Schedule of Changes in the Number of Incentive Units

The following table summarizes information about stock options activities for the nine months ended September 30, 2026 and 2025:


	Stock Options	Weighted Average Exercise Price
Outstanding as of January 1, 2026	868,439	$	28.20

Forfeited	(21,894)	30.80
Outstanding as of September 30, 2026	846,545	$	28.11
Vested and exercisable as of September 30, 2026	268,415	$	28.10

Outstanding as of January 1, 2025	542,441	$	44.10
Granted	463,702	20.51
Forfeited	(233,894)	33.54
Outstanding as of September 30, 2025	772,249	$	33.07
Vested and exercisable as of September 30, 2025	162,489	$	44.01

The following table summarizes information about the restricted stock units ("RSUs") under the 2022 Omnibus Incentive Plan (the "Omnibus Plan") for the nine months ended September 30, 2026 and 2025:


	RSUs	Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2026	462,976	$	22.30
Granted	508,397	8.91
Forfeited	(55,100)	14.65
Vested	(221,033)	23.33
Outstanding as of September 30, 2026	695,240	$	12.77

Outstanding as of January 1, 2025	223,295	$	45.10
Granted	424,263	19.39
Forfeited	(114,817)	29.25
Vested	(120,323)	42.93
Outstanding as of September 30, 2025	412,418	$	23.71

The following table summarizes information about the PSUs granted in 2026 under the Omnibus Plan for the nine months ended September 30, 2026:


	PSUs	Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2026	—	$	—
Granted	241,037	12.53
Forfeited	(11,340)	12.20
Outstanding as of September 30, 2026	229,697	$	12.55

Schedule of Assumptions Were Utilized In Determining the Fair Value of the Units at the Grant Date

The grant date estimated fair values of PSUs issued in 2026 were based upon a Monte Carlo Simulation as of the grant date, which considered our stock price as of the grant date and utilized the following assumptions:


Expected dividend			$—
Expected volatility			73.77%
Risk-free interest rate			3.49%