Quarterly report [Sections 13 or 15(d)]

Equity-based Compensation (Tables)

v3.25.2
Equity-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Option, Activity
A summary of the Company's time-based stock option activity under the 2021 Plan for the six months ended June 30, 2025, is as follows:
Number of Options
Weighted Average Exercise Price
Weighted Average Remaining Contractual Term
(years)
Aggregate Intrinsic Value
Balance as of December 31, 2024
39,820  $ 81.47  7.06 $ — 
Granted
—  — 
Exercised
—  — 
Forfeited/Repurchased
—  — 
Balance as of June 30, 2025
39,820  $ 81.47  6.57 $ — 
Vested as of June 30, 2025
38,997  $ 80.78  6.57 $ — 
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company's time-based RSU activity under the 2021 Plan for the six months ended June 30, 2025, is as follows:
Number of Shares
Weighted Average
Grant Date
Fair Value
Balance as of December 31, 2024
651,287  $ 14.93 
Granted
387,448  12.83 
Vested
(129,450) 17.98 
Forfeited/Repurchased
(17,156) 15.61 
Balance as of June 30, 2025
892,129  $ 13.52 
Schedule of Share-Based Payment Arrangement, Outstanding Award, Activity, Excluding Option
The following table summarizes time-based incentive unit activity under the 2018 Plan for the six months ended June 30, 2025:
Number of Units
Weighted Average
Grant Date
Fair Value
Weighted Average Participation Threshold
Aggregate Intrinsic Value
Balance as of December 31, 2024
144,003  $ 1.40  $ 22.68  $ — 
Granted
—  —  — 
Vested
(144,003) 1.40  22.68 
Forfeited/Repurchased
—  —  — 

Balance as of June 30, 2025
—  $ —  $ —  $ — 
Vested as of June 30, 2025
9,191,205 
Schedule of Summarizes The Company’s Equity-based Compensation Expense
The following table summarizes the Company’s equity-based compensation expense by award type for all Plans:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Stock options $ 193  $ 179  $ 413  $ 359 
RSUs 1,599  1,242  3,270  2,370 
ESPP purchase rights 38  20  76  40 
Time-based incentive units 13  454  143  1,082 
Total $ 1,843  $ 1,895  $ 3,902  $ 3,851