v3.26.3
Stock-Based Compensation
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
As of September 30, 2026, the Company had only granted awards in the form of stock options and restricted stock units (“RSUs”). As of September 30, 2026, the Company had no unvested performance stock units (“PSUs”).

A summary of the Company’s stock option activity for the nine months ended September 30, 2026 was as follows:

(in thousands, except share and per share data)Stock OptionsWeighted- Average Exercise PriceWeighted- Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Outstanding as of December 31, 2025
1,841,792$13.65 5.6$1,748 
   Granted—— —— 
   Exercised—— —— 
   Forfeited—— —— 
Outstanding as of September 30, 2026
1,841,792$13.65 4.8$669 
Vested and exercisable as of September 30, 2026
1,841,792$13.65 4.8$669 
A summary of the Company’s RSUs activity for the nine months ended September 30, 2026 was as follows:

SharesWeighted- Average Grant Date Fair Value
Unvested as of December 31, 2025
1,629,184 $6.88 
Granted819,928 7.77 
Vested(804,603)6.94 
Forfeited(177,656)6.38 
Unvested as of September 30, 2026
1,466,853 $7.40 

A summary of the Company’s PSUs activity for the nine months ended September 30, 2026 was as follows:

SharesWeighted-Average Grant Date Fair Value
Unvested as of December 31, 2025
19,276 $3.26 
Granted— — 
Vested(19,276)3.26 
Forfeited— — 
Unvested as of September 30, 2026
— $— 

For the three months ended September 30, 2026, stock-based compensation expense related to RSUs was $1.6 million. There was no stock-based compensation expense related to stock options and PSUs for the three months ended September 30, 2026. For three months ended September 30, 2025, stock-based compensation expense related to stock options, RSUs, and PSUs was $1.9 million. For the nine months ended September 30, 2026 and 2025, stock-based compensation expense related to stock options, RSUs, and PSUs was $6.2 million and $8.2 million, respectively. As of September 30, 2026, total unrecognized compensation expense related to unvested RSUs was $9.3 million which will be recognized over a weighted-average vesting period of approximately 1.8 years. As of September 30, 2026, there were no unrecognized compensation expenses related to unvested stock options and PSUs.