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

STOCK BASED COMPENSATION (Tables)

v3.26.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
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, 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 
Granted 858  2.47
Vested (616) 8.23
Forfeited and canceled (300) 6.90
Unvested RSUs as of December 31, 2025 1,580  $ 3.72 
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) 2025 2024
Total stock compensation expense (1)
$ 2,095  $ 8,481 
Income tax expense $ 126  $ 64 

(1) The amounts set forth above are recorded as selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2025 and 2024.