Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation

v3.26.1
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Restricted Stock Units

A summary of the restricted stock units ("RSUs") activity for the six months ended June 30, 2026 is as follows:

Number of RSUs
Average Grant-Date Fair Value
Unvested and outstanding at December 31, 2025
2,865,075
$
2.70
Granted
1,237,920
$
1.86
Forfeited
(408,303)
$
2.29
Vested
(1,117,562)
$
2.82
Vested, unsettled
175,000
$
2.04
Unvested and outstanding at June 30, 2026
2,752,130
$
2.29

Total RSU expense, net of amounts capitalized, for the three and six months ended June 30, 2026 was $1.0 million and $2.0 million, respectively. Total RSU expense, net of amounts capitalized, for the three and six months ended June 30, 2025 was $2.2 million and $2.8 million, respectively. As of June 30, 2026, the total compensation cost related to unvested RSUs not yet recognized is $4.4 million. Unvested RSU expense not yet recognized is expected to be recognized over a weighted average period of 2.2 years.