Pay Versus Performance

As required by Item 402(v) of Regulation S-K, the following table discloses the relationship between the financial performance of the Company and (i) the summary compensation actually paid (“Compensation Actually Paid”) to the Company’s Principal Executive Officer (“PEO”), and (ii) the average Compensation Actually Paid to non-PEO Named Executive Officers. For further information about how we align executive compensation with the Company’s performance, see the “Executive Compensation — Narrative Disclosure to Summary Compensation Table” and the Summary Compensation Table.


Year	Summary Compensation Table Total for PEO⁽¹⁾	Compensation Actually Paid to PEO⁽²⁾	Average Summary Compensation Table Total for Non-PEO Named Executive Officers⁽³⁾	Average Compensation Actually Paid to Non-PEO Named Executive Officers⁽²⁾	Total Shareholder Return (Initial Value $100)⁽⁴⁾	Net Income
2023	$2,401,649	$644,841	$791,656	$271,421	$(62.37)	$(56,290,000)
2024	$1,874,138	$604,355	$706,372	$299,337	$(81.46)	$(35,636,000)
2025	$7,478,304	$5,718,443	$2,570,322	$2,029,048	$144.72	$1,615,000

(1)	William B. Shepro was the PEO for each of 2023, 2024 and 2025.

(2)

SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine Compensation Actually Paid as reported in the Pay versus Performance Table. Compensation Actually Paid does not necessarily represent cash and/or equity value transferred to the applicable named executive officer without restriction, but rather is a value calculated under applicable SEC rules. In general, Compensation Actually Paid is calculated as the Summary Compensation Table total compensation, adjusted to include the fair market value of equity awards as of December 31 of the applicable year or, if earlier, the vesting date of such equity awards (rather than the grant date). A portion of the Compensation Actually Paid includes equity awarded pursuant to the Restructuring Management Incentive Plan.

(3)	Our non-PEO Named Executive Officers for 2023, 2024 and 2025 were Michelle D. Esterman and Gregory J. Ritts.

(4)

Total Shareholder Return is calculated based on a fixed $100 investment as of December 31 of the previous year, with the return on such investment, including the Stakeholder Warrants granted pursuant to such investment, measured as of market close on the last trading day of the year being reported. Excluding the value attributable to the Stakeholder Warrants, Total Shareholder Return was $32.15.

The following tables outline the adjustments made to the compensation earned by our PEO and non-PEO Named Executive Officers, as presented in the Summary Compensation Table, to derive the Compensation Actually Paid to them.


Item and Value Added (Deducted)	2025	2024	2023
For PEO:
Summary Compensation Table Total	$7,478,304	$1,874,138	$2,401,649
- Summary Compensation Table “Stock Awards” column value	$(5,824,500)	$(664,010)	$(1,185,575)
+ year-end fair value of outstanding and unvested equity awards granted in the fiscal year	$4,091,577	$171,680	$825,767
+/- change in fair value of outstanding and unvested equity awards granted in prior years	$(34,647)	$(597,645)	$(865,194)
+ vest date fair value of equity awards granted in the covered year	$0	$0	$0
+/- change in fair value of prior-year equity awards vested in the fiscal year	$27,599	$(151,192)	$(336,571)
- fair value at the end of prior year of awards granted in prior years that fail to meet vesting conditions	$(19,890)	$(28,615)	$(195,235)
Compensation Actually Paid	$5,718,443	$604,355	$644,841
For Non-PEO Named Executive Officers (Average):
Summary Compensation Table Total	$2,570,322	$706,372	$791,656
- Summary Compensation Table “Stock Awards” column value	$(2,002,952)	$(241,008)	$(266,900)
+ year-end fair value of outstanding and unvested equity awards granted in the fiscal year	$1,468,282	$59,258	$183,970
+/- change in fair value of outstanding and unvested equity awards granted in prior years	$(11,469)	$(169,808)	$(306,552)
+ vest date fair value of equity awards granted in the covered year	$0	$0	$0
+/- change in fair value of prior-year equity awards vested in the fiscal year	$9,725	$(35,566)	$(90,127)
- fair value at the end of prior year of awards granted in prior years that fail to meet vesting conditions	$(4,860)	$(19,911)	$(40,626)
Average Compensation Actually Paid	$2,029,048	$299,337	$271,421

PEO Total Compensation Amount

$ 7,478,304

$ 1,874,138

$ 2,401,649

Adjustment To PEO Compensation, Footnote

The following tables outline the adjustments made to the compensation earned by our PEO and non-PEO Named Executive Officers, as presented in the Summary Compensation Table, to derive the Compensation Actually Paid to them.


Item and Value Added (Deducted)	2025	2024	2023
For PEO:
Summary Compensation Table Total	$7,478,304	$1,874,138	$2,401,649
- Summary Compensation Table “Stock Awards” column value	$(5,824,500)	$(664,010)	$(1,185,575)
+ year-end fair value of outstanding and unvested equity awards granted in the fiscal year	$4,091,577	$171,680	$825,767
+/- change in fair value of outstanding and unvested equity awards granted in prior years	$(34,647)	$(597,645)	$(865,194)
+ vest date fair value of equity awards granted in the covered year	$0	$0	$0
+/- change in fair value of prior-year equity awards vested in the fiscal year	$27,599	$(151,192)	$(336,571)
- fair value at the end of prior year of awards granted in prior years that fail to meet vesting conditions	$(19,890)	$(28,615)	$(195,235)
Compensation Actually Paid	$5,718,443	$604,355	$644,841
For Non-PEO Named Executive Officers (Average):
Summary Compensation Table Total	$2,570,322	$706,372	$791,656
- Summary Compensation Table “Stock Awards” column value	$(2,002,952)	$(241,008)	$(266,900)
+ year-end fair value of outstanding and unvested equity awards granted in the fiscal year	$1,468,282	$59,258	$183,970
+/- change in fair value of outstanding and unvested equity awards granted in prior years	$(11,469)	$(169,808)	$(306,552)
+ vest date fair value of equity awards granted in the covered year	$0	$0	$0
+/- change in fair value of prior-year equity awards vested in the fiscal year	$9,725	$(35,566)	$(90,127)
- fair value at the end of prior year of awards granted in prior years that fail to meet vesting conditions	$(4,860)	$(19,911)	$(40,626)
Average Compensation Actually Paid	$2,029,048	$299,337	$271,421

Non-PEO NEO Average Compensation Actually Paid Amount

$ 2,029,048

299,337

271,421

Compensation Actually Paid vs. Total Shareholder Return

The Total Shareholder Return and net loss, based on a fixed $100 investment as of December 31 of the previous year with the return on such investment measured as of market close on the last trading day of the year being reported, for the following periods was: