v3.25.4
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation STOCK-BASED COMPENSATION
The following is a summary of RSU activity for the years ended December 31, 2025, 2024 and 2023:
For the year ended December 31,
202520242023
SharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair ValueSharesWeighted Average Grant Date Fair Value
Unvested - beginning of period19,997,692 $6.68 7,867,321 $5.89 4,005,801 $5.30 
Granted 1
17,018,349 4.01 15,805,320 6.90 5,668,639 6.26 
Vested(1,684,223)5.51 (2,685,345)5.73 (1,358,083)6.07 
Forfeited(2,610,466)5.33 (989,604)6.55 (449,036)4.77 
Unvested - end of period32,721,352 $5.46 19,997,692 $6.68 7,867,321 $5.89 
1 The RSUs granted during the year ended December 31, 2025 had vesting terms ranging from immediate to 4 years from the grant date.
Stock-based compensation expense recognized for the years ended December 31, 2025, 2024, and 2023 was $50.3 million, $24.6 million, and $13.8 million, respectively. As of December 31, 2025, there was $123.9 million of unrecognized compensation expense related to unvested awards which is expected to be recognized over a weighted average period of 3.3 years.