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STOCK BASED COMPENSATION
9 Months Ended
Sep. 30, 2025
STOCK BASED COMPENSATION  
STOCK BASED COMPENSATION

12. STOCK BASED COMPENSATION

The Company recognized stock based compensation expense, inclusive of awards granted to our non-employee directors, net of capitalization, of $3.1 million and $9.2 million during the three months ended September 30, 2025 and 2024, respectively, and $19.3 million and $25.9 million during the nine months ended September 30, 2025 and 2024, respectively, which are included in General and Administrative on the Consolidated Statements of Operations.