Redeemable Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2026

Temporary Equity Disclosure [Abstract]

Schedule of Dividends Declared and Redemption Value Adjustment of Preferred Stock

The following table summarizes dividends declared (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Series B Convertible Preferred Stock	$	1,058	$	1,058	$	3,174	$	3,174

The redemption value adjustment of Series E Preferred Stock classified as mezzanine equity is summarized below (in thousands):


	September 30, 2026		December 31, 2025
Series E Preferred Stock	$	203,764	$	265,695
Cumulative adjustments to Series E Preferred Stock (1)	$	41,982	$	37,210

________

(1) Reflects the excess of the redemption value over the accumulated carrying value.

The following table summarizes dividends declared (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Series E Preferred Stock	$	4,983	$	6,041	$	15,534	$	19,011

The redemption value adjustment of Series M Preferred Stock classified as mezzanine equity is summarized below (in thousands):


	September 30, 2026		December 31, 2025
Series M Preferred Stock	$	31,766	$	34,217
Cumulative adjustments to Series M Preferred Stock (1)	$	1,794	$	1,794

__________________

(1) Reflects the excess of the redemption value over the accumulated carrying value.

The following table summarizes dividends declared (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025

Series M Preferred Stock	$	728	$	743	$	2,192	$	2,268

Schedule of Redemption Activities of Preferred Stock

The redemption activities of Series E Preferred Stock are summarized below (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Series E Preferred Stock shares redeemed	193		720		1,492		2,301
Redemption amount, net of redemption fees	$	4,832	$	17,975	$	37,304	$	57,250

The redemption activities of Series M Preferred Stock are summarized below (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Series M Preferred Stock shares redeemed	6		18		38		77
Redemption amount, net of redemption fees	$	136	$	438	$	942	$	1,909

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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