Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK BASED COMPENSATION (Tables)

v3.25.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Activity
The following table sets forth a summary of the RSUs activity during the reporting periods:

Number of
awards
outstanding
 (in thousands)
Weighted-
average
grant date
fair value
(per share)
Unvested RSUs as of December 31, 2022 1,103  $ 30.30 
Granted 1,503  7.75 
Vested (257) 27.95 
Forfeited and canceled (294) 15.60 
Unvested RSUs as of December 31, 2023 2,055  $ 15.60 
Granted 907  2.95
Vested (871) 18.26
Forfeited and canceled (453) 14.51
Unvested RSUs as of December 31, 2024 1,638  $ 6.67 
Schedule of Significant Inputs used in Valuation of RSU
Significant inputs used in the Company’s valuation of the market-based RSUs included the following:

For the Year Ended December 31,
2024 2023
Expected volatility N/A 85  %
Risk-free interest rate N/A 4.7  %
Expected term N/A 2.63 years
Schedule of Share-Based Compensation Expense
The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:

For the Year Ended December 31,
(in thousands) 2024 2023
Total stock compensation expense $ 8,481  $ 11,251 
Income tax expense (benefit) $ 64  $ (755)