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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Activity of Restricted Stock And Restricted Stock Units Granted By Company

Following is the activity of restricted stock and RSUs granted by the Company:

 

 

Shares

 

 

Weighted-Average
Grant Date Fair Value

 

Non-vested as of January 1, 2024

 

 

49,698,329

 

 

$

10.54

 

Granted

 

 

7,074,690

 

 

 

12.36

 

Vested

 

 

(23,826,174

)

 

 

10.14

 

Forfeited

 

 

(917,241

)

 

 

9.83

 

Non-vested as of December 31, 2024

 

 

32,029,604

 

 

$

11.26

 

Granted (1)

 

 

8,006,222

 

 

 

16.47

 

Vested (2)

 

 

(19,438,496

)

 

 

10.83

 

Forfeited (3)

 

 

(1,277,033

)

 

 

12.79

 

Non-vested as of December 31, 2025 (4)

 

 

19,320,297

 

 

$

13.75

 

(1)
During the year ended December 31, 2025, the Company granted 282,210 shares of restricted stock and 7,724,012 RSUs to its employees, advisors and non-employee directors.
(2)
During the year ended December 31, 2025, 16,903,886 shares of restricted stock and 2,534,610 RSUs vested.
(3)
During the year ended December 31, 2025, 553,226 shares of restricted stock and 723,807 RSUs were forfeited.
(4)
Includes 6,787,559 unvested shares of Class A restricted stock, 2,341,981 unvested shares of Class B restricted stock and 10,190,757 unvested RSUs, each as of December 31, 2025.
Summary of Transaction under Plans and 2021 Plan

Following is the summary of transactions under the Plans and the 2021 Plan:

 

 

Number of
options

 

 

Weighted
average
exercise
price

 

 

Weighted
average
remaining
contractual
life (years)

 

 

Aggregate
intrinsic
value (per share)

 

Outstanding options as of January 1, 2024

 

 

2,619,937

 

 

$

8.49

 

 

 

4.97

 

 

$

0.57

 

Granted

 

 

1,832,802

 

 

 

10.81

 

 

 

 

 

 

 

Exercised

 

 

(429,989

)

 

 

7.38

 

 

 

 

 

 

 

Forfeited

 

 

(208,735

)

 

 

9.10

 

 

 

 

 

 

 

Outstanding options as of December 31, 2024

 

 

3,814,015

 

 

$

9.70

 

 

 

8.35

 

 

$

8.45

 

Granted

 

 

12,805,814

 

 

 

13.98

 

 

 

 

 

 

 

Exercised

 

 

(406,852

)

 

 

8.15

 

 

 

 

 

 

 

Forfeited

 

 

(579,231

)

 

 

11.85

 

 

 

 

 

 

 

Outstanding options as of December 31, 2025

 

 

15,633,746

 

 

$

13.17

 

 

 

9.18

 

 

$

4.04

 

 
Summary of Performance Stock Unit Award Activity

Following is the summary of PSUs subject to market conditions under the Company’s 2021 Plan:

 

 

Number of PSUs

 

 

Weighted Average
Grant Date Fair
Value

 

Outstanding PSUs as of January 1, 2024

 

 

4,755,675

 

 

$

15.34

 

Granted

 

 

2,989,850

 

 

 

17.83

 

Performance Adjustment

 

 

5,748,142

 

 

 

16.07

 

Vested

 

 

(3,539,683

)

 

 

15.97

 

Forfeited

 

 

(40,810

)

 

 

20.66

 

Outstanding PSUs as of December 31, 2024

 

 

9,913,174

 

 

$

16.27

 

Granted

 

 

—

 

 

 

—

 

Performance Adjustment

 

 

2,694,032

 

 

 

17.83

 

Vested and Issued

 

 

(6,737,176

)

 

 

17.10

 

Forfeited

 

 

(213,571

)

 

 

16.20

 

Outstanding PSUs as of December 31, 2025

 

 

5,656,459

 

 

$

16.02

 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

 

 

As of December 31,
2025

 

Dividend yield

 

 

0.0

%

Risk free interest rate

 

 

3.8

%

Volatility

 

 

57.0

%
Stock Options [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Share Based Compensation Stock Options Valuation Assumptions The following assumptions were used by the Company for the options valuation:

 

 

As of December 31,
2025

Dividend yield

 

0.0%

Volatility

 

55.0% - 60.1%

Expected Term (years)

 

6.1 - 6.2

Risk free rate of interest

 

3.9% - 4.2%