Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the six months ended June 30, 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 (311,960) 0.18  0.12  $ 1,500 
Outstanding – June 30, 2026
2,584,248  $ 0.19  $ 0.35  2.4 $ 13,135 
Exercisable as of June 30, 2026
2,584,248  $ 0.19  $ 0.35  2.4 $ 13,135 
Summary of Restricted Stock Activity
Following is a summary of restricted stock unit activities for the six months ended June 30, 2026:

Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – January 1, 2026 9,745,980  $ 3.84 
Granted - RSUs
1,371,962  4.36 
Granted - PSUs 3,679,343  4.06 
Vested
(2,340,464) 3.38 
Forfeited
(198,710) 3.69 
Non-vested – June 30, 2026 (1)
12,258,111  $ 4.05 
(1) Includes 6,392,105 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 June 30, Six Months Ended
June 30,
2026 2025 2026 2025
Selling, general and administrative expense $ 3,706  $ 4,917  $ 8,741  $ 8,726