Quarterly report [Sections 13 or 15(d)]

Equity-based Compensation (Tables)

v3.25.3
Equity-based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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 September 30, 2025
39,820  $ 81.47  6.31 $ — 
Vested as of September 30, 2025
39,820  $ 81.47  6.31 $ — 
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 nine months ended September 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
424,192  12.73 
Vested
(279,372) 16.68 
Forfeited/Repurchased
(47,695) 13.99 
Balance as of September 30, 2025
748,412  $ 12.99 
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 nine months ended September 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 September 30, 2025
—  $ —  $ —  $ — 
Vested as of September 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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Stock options $ 164  $ 183  $ 577  $ 541 
RSUs 1,699  1,601  4,969  3,971 
ESPP purchase rights 32  27  108  67 
Time-based incentive units —  325  143  1,408 
Total $ 1,895  $ 2,136  $ 5,797  $ 5,987