Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the three months ended March 31, 2026:
Options Weighted
Average
Exercise Price
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Life
(years)
Intrinsic
Value
Outstanding – January 1, 2026 2,896,208  $ 0.19  $ 0.32  3.0
Exercised (286,960) 0.18  0.11  $ 1,370 
Outstanding – March 31, 2026
 2,609,248  $ 0.19  $ 0.34  2.6 $ 10,418 
Exercisable as of March 31, 2026
 2,609,248  $ 0.19  $ 0.34  2.6 $ 10,418 
Summary of Restricted Stock Activity
Following is a summary of restricted stock unit activities for the three months ended March 31, 2026:

 Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – January 1, 2026 9,745,980  $ 3.84 
Granted - RSUs
 994,715  4.22 
Granted - PSUs 3,206,052  4.20 
Vested
 (336,098) 3.93 
Forfeited
 (52,755) 3.20 
Non-vested – March 31, 2026 (1)
 13,557,894  $ 3.95 
(1) Includes 7,235,380 of PSUs that will vest subject to the achievement of Adjusted EBITDA and Free Cash Flow goals by the Company and 2,950,219 awards (RSUs and PSUs) held by the Company’s former Chief Executive Officer that were modified in connection with the sale of the Passenger business. The modification changed the vesting conditions but did not affect the number of awards outstanding. See Note 4 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 for further information.
Summary of Stock-Based Compensation Expense
Stock-based compensation expense for stock options and restricted stock units in the unaudited interim condensed consolidated statements of operations is summarized as follows:
Three Months Ended
March 31,
2026 2025
Selling, general and administrative expense $ 5,035  $ 3,809