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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity in Time-Based RSAs and PSAs

The following table presents the activity in time-based RSAs and PSAs as of the dates and for the periods stated.

 

 

For the nine months ended September 30, 2025

 

 

 

Time-based RSAs

 

 

PSAs

 

 

 

Shares

 

 

Weighted Average Fair Value

 

 

Shares

 

 

Weighted Average Fair Value

 

Shares unvested and outstanding at beginning of period

 

 

585,700

 

 

$

3.63

 

 

 

116,830

 

 

$

11.43

 

Granted

 

 

145,643

 

 

 

3.74

 

 

 

3,400,000

 

 

 

3.54

 

Vested (1)

 

 

(179,590

)

 

 

4.09

 

 

 

 

 

 

 

Forfeited

 

 

(49,395

)

 

 

4.34

 

 

 

(56,346

)

 

 

14.20

 

Shares unvested and outstanding at end of period

 

 

502,358

 

 

$

3.43

 

 

 

3,460,484

 

 

$

3.60

 

 

 

(1) Shares totaling 19,022 were withheld as payment of taxes in the nine months ended September 30, 2025.