XML 42 R30.htm IDEA: XBRL DOCUMENT
v3.25.4

Equity-Based Compensation (Tables) | 3 Months Ended
--- | ---
Dec. 31, 2025
Equity [Abstract] |
Schedule of Stock-based Compensation Expense | The Company recognized stock-based compensation expense as follows (in thousands):
|  |  | Three Months Ended
|  |  |  |  | December 31, 2025 |  | December 28, 2024
Subscriber related |  |  |  |  | $ | 48 |  |  | $ | — |
Sales and marketing |  |  |  |  | 3,014 |  |  | — |
Technology and development |  |  |  |  | 1,986 |  |  | — |
General and administrative |  |  |  |  | 7,647 |  |  | — |
Total stock-based compensation expense |  |  |  |  | $ | 12,695 |  |  | $ | — |
Schedule of of Stock Option Activity | A summary of time-based stock option activity for the three months ended December 31, 2025 is as follows (in thousands, except share and per share amounts):
| Number of Shares |  | Weighted Average Exercise Price |  | Total Intrinsic Value |  | Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025 | — |  |  | $ | — |  |  | $ | — |  |  | N/A
Assumed from Fubo | 7,861,967 |  |  | $ | 7.55 |  |  | $ | 2,755 |  |  | 3.9
Exercised | (28,004) |  |  | $ | 1.25 |  |  |  |  |
Forfeited or expired | (531,250) |  |  | $ | 10.44 |  |  |  |  |
Outstanding as of December 31, 2025 | 7,302,713 |  |  | $ | 7.36 |  |  | $ | 999 |  |  | 3.3
Options vested and exercisable as of December 31, 2025 | 6,984,568 |  |  | $ | 7.62 |  |  | $ | 840 |  |  | 4.2
A summary of activity under the 2020 Plan for market and service-based stock options for the three months ended December 31, 2025 is as follows (in thousands, except share and per share amounts):
| Number of Shares |  | Weighted Average Exercise Price |  | Total Intrinsic Value |  | Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025 | — |  |  | $ | — |  |  | $ | — |  |  | N/A
Assumed from Fubo | 4,453,297 |  |  | $ | 12.75 |  |  | $ | — |  |  | 1.8
Outstanding as of December 31, 2025 | 4,453,297 |  |  | $ | 12.75 |  |  | $ | — |  |  | 1.7
Options vested and exercisable as of December 31, 2025 | 4,453,297 |  |  | $ | 12.75 |  |  | $ | — |  |  | 1.7
Schedule of Nonvested Restricted Stock Units Activity | A summary of the Company’s time-based restricted stock unit activity during the three months ended December 31, 2025 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 34,636,138 |  |  | $ | 2.60 |
Granted | 4,403,744 |  |  | $ | 3.69 |
Vested | (9,168,762) |  |  | $ | 3.09 |
Forfeited or expired | (239,061) |  |  | $ | 1.84 |
Unvested at December 31, 2025 | 29,632,059 |  |  | $ | 2.62 |
A summary of the Company’s performance-based restricted stock unit activity during the three months ended December 31, 2025 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 4,295,101 |  |  | $ | 4.85 |
Granted | 1,556,447 |  |  | $ | 3.69 |
Unvested at December 31, 2025 | 5,851,548 |  |  | $ | 4.54 |
A summary of the Company’s market and service-based restricted stock unit activity during the three months ended December 31, 2025 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 1,304,802 |  |  | $ | 2.81 |
Unvested at December 31, 2025 | 1,304,802 |  |  | $ | 2.81 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration