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Stockholders' Equity
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' Equity
10. Stockholders' Equity
Share Repurchase Program
On February 4, 2026, our Board of Directors authorized a share repurchase program to purchase up to $1.0 billion of our Class A common stock (the “Share Repurchase Program”). Under the Share Repurchase Program, we may repurchase shares of our Class A common stock from time to time on the open market (including via pre-set trading plans), in privately negotiated transactions, or through other transactions in accordance with applicable securities laws. The Share Repurchase Program does not obligate us to acquire any particular amount of Class A common stock, has no expiration date, and may be suspended or discontinued at any time at our discretion. During the three months ended March 31, 2026, we repurchased 34,690 shares of Class A common stock for $5.0 million. As of March 31, 2026, $995.0 million remained available for repurchases.
We immediately retire shares repurchased under the Share Repurchase Program and reduce our Class A common stock component of stockholders’ equity by the par value of repurchased shares. The excess of the repurchase price over par value for shares repurchased is recorded to additional paid-in capital.
Common Stock Reserved for Issuance
In February 2024, our board of directors adopted the 2024 Incentive Award Plan (the “2024 Plan”), which became effective in connection with our initial public offering in March 2024. Under the 2024 Plan, shares of our Class A common stock are reserved for issuance pursuant to a variety of stock-based compensation awards, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance bonus awards, performance stock unit awards, dividend equivalents, or other stock or cash based awards.
We have reserved the following shares of common stock, on an as-converted basis, for future issuance:
March 31,
2026
December 31,
2025
Outstanding stock options10,410,938 10,852,131 
Outstanding RSUs3,571,307 4,370,034 
Remaining shares reserved for future issuances under the 2024 Plan55,022,839 45,792,210 
Shares reserved for community impact initiatives and charitable activities1,337,205 1,337,205 
Total shares of common stock reserved70,342,289 62,351,580 
The remaining shares reserved for future issuance under the 2024 Plan relate to our Class A common stock.