Quarterly report [Sections 13 or 15(d)]

Equity-Based Compensation (Tables)

v3.26.1
Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Changes in the Number of Incentive Units
The following table summarizes information about stock options activities for the six months ended June 30, 2026 and 2025:
Stock Options Weighted Average Exercise Price
Outstanding as of January 1, 2026
8,684,387  $ 2.82 
Forfeited (205,613) 3.15 
Outstanding as of June 30, 2026
8,478,774  $ 2.81 
Vested and exercisable as of June 30, 2026
1,823,350  $ 2.63 
Outstanding as of January 1, 2025
5,424,411  $ 4.41 
Granted 3,760,948  2.16 
Forfeited (1,189,691) 3.44 
Outstanding as of June 30, 2025
7,995,668  $ 3.49 
Vested and exercisable as of June 30, 2025
1,029,129  $ 4.55 
The following table summarizes information about the restricted stock units ("RSUs") under the 2022 Omnibus Incentive Plan (the "Omnibus Plan") for the six months ended June 30, 2026 and 2025:
Restricted Stock Units Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2026
4,629,764  $ 2.23 
Granted 4,988,429  0.89 
Forfeited (435,953) 1.57 
Vested (1,754,732) 2.30 
Outstanding as of June 30, 2026
7,427,508  $ 1.34 
Outstanding as of January 1, 2025
2,232,952  $ 4.51 
Granted 3,808,610  1.98 
Forfeited (867,187) 3.12 
Vested (715,258) 5.12 
Outstanding as of June 30, 2025
4,459,117  $ 2.52 
The following table summarizes information about the PSUs granted in 2026 under the Omnibus Plan for the six months ended June 30, 2026:
PSUs
Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2026
—  $ — 
Granted 2,386,165  1.25 
Forfeited (113,402) 1.22 
Outstanding as of June 30, 2026
2,272,763  $ 1.25 
Schedule of Assumptions Were Utilized In Determining the Fair Value of the Units at the Grant Date
The grant date estimated fair values of PSUs issued in 2026 were based upon a Monte Carlo Simulation as of the grant date, which considered our stock price as of the grant date and utilized the following assumptions:
Expected dividend $—
Expected volatility 73.77%
Risk-free interest rate 3.49%