Quarterly report [Sections 13 or 15(d)]

Equity Compensation (Tables)

v3.26.3
Equity Compensation (Tables)
 9 Months Ended
Sep. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Monte Carlo Simulation Assumptions

The Monte Carlo simulation assumptions used for the period presented were as follows:

 

 

 

Nine Months Ended September 30,

 

 

2026

Risk free interest rate

 

 

3.5

 

%

Annualized volatility

 

 

95.6

 

%

Dividend yield

 

 

—

 

%

Expected term (in years)

 

 

2.8

 

 
Summary of Stock-Based Compensation Expense Aggregate stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows:

 

 

 

Three months ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Selling, general and administrative

 

$

2,033

 

 

$

2,394

 

 

$

5,720

 

 

$

13,121

 

Total stock-based compensation expense, before tax

 

 

2,033

 

 

 

2,394

 

 

 

5,720

 

 

 

13,121

 

Income tax (benefit)

 

 

49

 

 

 

(232

)

 

 

318

 

 

 

—

 

Total stock-based compensation expense, after tax

 

$

1,984

 

 

$

2,626

 

 

$

5,402

 

 

$

13,121

 
Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for RSUs for the nine months ended September 30, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

2,037

 

 

$

9.5

 

Issued

 

 

2,725

 

 

$

5.4

 

Vested

 

 

(569

)

 

$

11.8

 

Forfeited, expired, or canceled

 

 

(917

)

 

$

8.3

 

Outstanding at September 30, 2026

 

 

3,276

 

 

$

6.0

 
Performance Based Restricted Stock Units  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Units Activity The following table summarizes aggregate activity for PSUs for the nine months ended September 30, 2026:

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair
Value per Share

 

Outstanding at December 31, 2025

 

 

324

 

 

$

8.1

 

Issued

 

 

712

 

 

$

5.5

 

Vested

 

 

(85

)

 

$

10.0

 

Forfeited, expired, or canceled

 

 

(109

)

 

$

5.4

 

Outstanding at September 30, 2026

 

 

842

 

 

$

6.1