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Equity-Based Compensation (Tables) | 6 Months Ended
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Mar. 31, 2026
Equity [Abstract] |
Schedule of Stock-based Compensation Expense | The Company recognized stock-based compensation expense as follows (in thousands):
| Three Months Ended |  | Six Months Ended
| March 31, 2026 |  | March 29, 2025 |  | March 31, 2026 |  | March 29, 2025
Subscriber related | $ | 66 |  |  | $ | — |  |  | $ | 114 |  |  | $ | — |
Sales and marketing | 2,338 |  |  | — |  |  | 5,352 |  |  | — |
Technology and development | 2,580 |  |  | — |  |  | 4,566 |  |  | — |
General and administrative | 5,203 |  |  | — |  |  | 12,850 |  |  | — |
Total stock-based compensation expense | $ | 10,187 |  |  | $ | — |  |  | $ | 22,882 |  |  | $ | — |
Schedule of of Stock Option Activity | A summary of time-based stock option activity for the six months ended March 31, 2026 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 | 655,138 |  |  | $ | 90.56 |  |  | $ | 2,755 |  |  | 3.9
Exercised | (2,963) |  |  | $ | 13.28 |  |  |  |  |
Forfeited or expired | (54,648) |  |  | $ | 123.73 |  |  |  |  |
Outstanding as of March 31, 2026 | 597,527 |  |  | $ | 87.91 |  |  | $ | 41 |  |  | 4.1
Options vested and exercisable as of March 31, 2026 | 584,273 |  |  | $ | 89.58 |  |  | $ | 41 |  |  | 4.1
A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended March 31, 2026 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 | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.8
Outstanding as of March 31, 2026 | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.4
Options vested and exercisable as of March 31, 2026 | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.4
Schedule of Nonvested Restricted Stock Units Activity | A summary of the Company’s time-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 2,887,103 |  |  | $ | 31.18 |
Granted | 371,167 |  |  | $ | 43.85 |
Vested | (843,393) |  |  | $ | 36.41 |
Forfeited or expired | (37,572) |  |  | $ | 27.87 |
Unvested at March 31, 2026 | 2,377,305 |  |  | $ | 31.36 |
A summary of the Company’s performance-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 357,915 |  |  | $ | 58.14 |
Granted | 129,689 |  |  | $ | 44.28 |
Vested | (29,062) |  |  | $ | 37.75 |
Unvested at March 31, 2026 | 458,542 |  |  | $ | 55.51 |
A summary of the Company’s market and service-based restricted stock unit activity during the six months ended March 31, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 108,732 |  |  | $ | 33.76 |
Unvested at March 31, 2026 | 108,732 |  |  | $ | 33.76 |

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