v3.26.3
SHARE-BASED COMPENSATION
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION
NOTE 12—SHARE-BASED COMPENSATION
Share-based compensation expense includes restricted stock units, or RSUs, and stock options.
SHARE-BASED COMPENSATION EXPENSE
The table below shows the total pre-tax share-based compensation expenses recorded for the periods presented:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands)2026202520262025
General and administrative$872 $331 $3,316 $1,264 
Sales and marketing— — — 34 
Research and development— — — 39 
Total$872 $331 $3,316 $1,337 
STOCK OPTIONS
The table below shows activity related to stock options:
OptionsWeighted Average Exercise Price
Outstanding as of December 31, 20252,397,872$4.61 
Granted2,074,1814.91 
Exercised(39,650)0.76 
Forfeited(634,081)4.02 
Outstanding as of September 30, 20263,798,322$4.04 
Exercisable September 30, 20261,376,202$5.74 
As of September 30, 2026, there was unrecognized pretax compensation of $6.6 million related to stock options which will be recognized over a weighted average period of approximately 3.2 years.
RESTRICTED STOCK UNITS
The table below shows the activity for our restricted stock:
UnitsWeighted Average Fair Value
Nonvested as of December 31, 2025276,875$10.16 
Granted446,0453.87 
Vested(214,405)6.62 
Outstanding as of September 30, 2026508,515$6.13 
As of September 30, 2026, there was unrecognized pretax compensation of $3.0 million related to restricted stock units which will be recognized over a weighted average period of approximately 3.0 years.