PREFERRED STOCK (Tables)

12 Months Ended

Dec. 31, 2025

Convertible preferred stock outstanding as of December 31, 2024 consisted of the following (in thousands, except share amounts.)


Series	Year	Shares		Liquidation		Carrying
Preferred	Issued	Authorized	Outstanding	Amount		Value
Series A	2006	17,962,675	5,394,197	$	4,850	$	4,850
Series B	2008	6,000,000	1,801,802	$	4,319	$	4,319
Series C	2010	5,747,127	880,187	$	2,550	$	2,550
Series C-1	2011	3,876,405	848,599	$	2,515	$	2,515
Series D	2011	2,222,222	520,519	$	1,560	$	1,560
Series D-1	2012	6,766,666	166,833	$	500	$	500
Series D-2*	2012	11,083,333	2,920,649	$	17,506	$	8,753
Series E	2014	14,000,000	4,151,977	$	15,900	$	15,900
Series F-1	2016	13,043,479	1,201,203	$	4,600	$	4,600
Series F-2	2016	12,000,000	2,498,498	$	10,400	$	10,400
Series G	2018	5,926,000	1,779,559	$	8,000	$	8,000
Series G-1	2018	6,896,552	2,039,756	$	9,849	$	9,849
Series H	2019	48,157,821	14,461,804	$	69,829	$	69,829
		153,682,280	38,665,583	$	152,378	$	143,625

* Liquidation preference includes two times the original issue price per share.

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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