We are externally managed by our Manager and do not currently have any employees. However, as of June 30, 2025, our

Manager, certain individuals employed by an affiliate of our Manager, and certain members of our board of directors were

compensated, in part, through our issuance of stock-based instruments.

Under our two current stock incentive plans, a maximum of 10,400,000 shares of our class A common stock may be issued

to our Manager, our directors and officers, and certain employees of affiliates of our Manager. As of June 30, 2025, there

were 5,973,235 shares available under our current stock incentive plans.

The following table details the movement in our outstanding shares of restricted class A common stock and the weighted-


	Restricted Class A Common Stock	Weighted-Average Grant Date Fair Value Per Share
Balance as of December 31, 2024	2,142,759	$21.13
Granted	511,012	17.88
Vested	(691,323)	21.14
Forfeited	(29,008)	19.75
Balance as of June 30, 2025	1,933,440	$20.29

These shares generally vest in installments over a period of three years, pursuant to the terms of the respective award

agreements and the terms of our current stock incentive plans. The 1,933,440 shares of restricted class A common stock

outstanding as of June 30, 2025 will vest as follows: 618,973 shares will vest in 2025; 884,967 shares will vest in 2026;

and 429,500 shares will vest in 2027. As of June 30, 2025, total unrecognized compensation cost relating to unvested

share-based compensation arrangements was $37.5 million based on the grant date fair value of shares granted. This cost is

expected to be recognized over a weighted-average period of 1.0 year from June 30, 2025.