During August 2025, the Company implemented a restructuring and workforce reduction program (the “Restructuring Plan”) designed to improve operational efficiency and reduce costs. The program included both voluntary and involuntary employee terminations, as well as modifications to equity awards for certain affected employees. The accounting treatment of severance benefits and related expenses was determined based on the nature of the termination arrangement and the applicable accounting guidance.

The following table represents a roll forward of restructuring expense (income):


Balance as of December 31, 2025	$	2,919
Expense (Income)		(455	)
Payments/Settlements		(1,936	)
Balance as of March 31, 2026	$	528
Expense (Income)		73
Payments/Settlements		(241	)
Balance as of June 30, 2026	$	360

The Company recognized restructuring charges of $0.1 million during the three months ended June 30, 2026. The Company recognized adjustments to restructuring charges of $0.4 million during the six months ended June 30, 2026, due to $0.5 million in reversals of previously recorded expenses as a result of changes in estimates related to other compensation and benefits.

As part of the severance arrangements, certain employees received accelerated vesting of RSUs. Additionally, certain RSUs were deemed to have been modified. The Company measured the incremental fair value of the modified awards on the modification date using appropriate valuation techniques.