v3.25.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit and Stock Option Activity
The following table summarizes the Company’s restricted stock unit and stock option activity during the year ended December 31, 2025:

RSUsStock Options
Number of Shares
 (in millions)
Weighted-Average Grant-Date Fair ValueNumber of Shares
 (in millions)
Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Life
 (in years)
Aggregate Intrinsic Value (in millions)
Outstanding at December 31, 202461 $14.10 60 $13.60 
Granted66 12.07 40 14.86 
Vested / Exercised(51)13.81 (2)3.80 
Forfeited / Cancelled(10)13.16 (21)21.88 
Outstanding at December 31, 202566 $12.49 
1
77 $12.35 
1
6.9$595 
Vested and expected to vest at December 31, 202566 $12.49 77 $12.35 6.9$595 
Exercisable at December 31, 2025— $— 31 $8.23 3.4$382 
1Ending Outstanding Weighted Average amounts do not recalculate due to the effects of rounding.
Schedule of Weighted-Average Assumptions Used in Black-Scholes Option Pricing Model for Stock Options Granted The assumptions used in the Monte Carlo simulations as of the Grant Date of the replacement market-based award are as follows:
Original AwardReplacement Award
Stock price$15.22 $15.22 
Exercise price$21.72 $15.22 
Volatility62.5 %57.5 %
Risk-free rate3.7 %4.1 %
Expiration date1/19/203111/6/2035
The weighted-average assumptions used in the Black-Scholes option pricing model for all stock options granted were as follows:

Years Ended December 31,
202320242025
Volatility61.4 %62.5 %59.3 %
Dividend yield— %— %— %
Risk-free rate4.0 %4.2 %4.0 %
Expected term (in years)6.36.38.5