XML 16 R2.htm IDEA: XBRL DOCUMENT

Pay vs Performance Disclosure
number in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

11 Months Ended

12 Months Ended

Dec. 31, 2021

Mar. 31, 2023

Dec. 31, 2023

Dec. 09, 2021

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table


PAY VERSUS PERFORMANCE
Year	Summary Compensation Table (“SCT”) Total for PEO 1 (b-1)(1)	Compensation Actually Paid (“CAP”) to PEO 1 (c-1)(1)(2)	SCT Total for PEO 2 (b-2)(1)	CAP to PEO 2 (c-2)(1)(2)	SCT Total for PEO 3 (b-3)(1)	CAP to PEO 3 (c-3)(1)(2)	Average SCT Total for Non-PEO Named Executive Officers (“NEOs”) (d)	Average Compensation Actually Paid to Non-PEO NEOs (e)(1)(2)	Value of Initial Fixed $100 Investment Based On:		Net Income (in thousands) (h)(5)	Company-Selected Measure: Adjusted EBITDA * (in thousands) (i)(6)
									Total Shareholder Return (“TSR”) (f)(3)	Peer Group TSR (g)(4)
2025	$744,707	$14,044,496					$2,722,432	$4,851,600	$46.35	$195.91	$(83,250)	$69,332
2024	$19,057,618	$11,118,485					$7,564,302	$4,696,453	$31.98	$163.03	$(56,514)	$69,308
2023	$3,339,028	$28,415,687	$906,845	$(1,643,130)			$720,376	$1,090,560	$33.79	$130.55	$(52,934)	$55,453
2022			$8,690,747	$(524,483)			$1,952,463	$157,360	$22.58	$84.88	$(234,380)	$(15,113)
2021			$9,419,692	$9,727,192	$6,528,618	$2,297,036	$3,033,187	$255,230	$60.96	$126.63	$120,348	$143,228

* Adjusted EBITDA is a non-GAAP financial measure. See “Appendix A” for a reconciliation of Adjusted EBITDA to the most comparable U.S. GAAP performance measure, “Net income (loss).”

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

Our Principal executive officer (“PEO”) for 2025, 2024 and part of fiscal year 2023 (from March 30, 2023 through December 31, 2023), was Dusan Senkypl (“PEO 1”). Our PEO for all of 2022 and part of 2021 and 2023 (from December 10, 2021 through March 31, 2023) was Kedar Deshpande (“PEO 2”); and our PEO for part of 2021 was Aaron Cooper (“PEO 3”). For 2025, our non-PEO NEOs were Jiri Ponrt and Rana Kashyap. For 2024, our only non-PEO NEO was Jiri Ponrt. For 2023, our non-PEO NEOs were Jiri Ponrt, Damien Schmitz, and Dane Drobny. For 2022, our non-PEO NEOs were Damien Schmitz and Dane Drobny. For 2021, our non-PEO NEOs were Damien Schmitz, Dane Drobny, and Melissa Thomas.

Peer Group Issuers, Footnote

For purposes of this pay versus performance disclosure, our peer group is the Nasdaq 100 Index (the “Peer Group”). For each of 2025, 2024, 2023, 2022 and 2021, our peer group TSR was calculated based on a deemed fixed investment of $100 through the Measurement Period, assuming dividend reinvestment for the entities in our Peer Group.

Adjustment To PEO Compensation, Footnote

For each of 2025, 2024, 2023, 2022 and 2021, the values included in this column for the compensation actually paid to each of PEO 1, PEO 2 and PEO 3, and the average compensation actually paid to our Non-PEO NEOs reflect the following adjustments to the values included in column (b-1), (b-2), (b-3), (b-4) and column (d), respectively:


Item Added (Deducted)	2025		2024		2023		2022		2021
For PEO 1 (Dusan Senkypl):
Summary Compensation Table Total for PEO 1 (column (b-1))	$	744,707	$	19,057,618	$	3,339,028	n/a		n/a
- SCT “Stock Awards” column value	$	(530,495)	$	(18,943,753)	$	—
- SCT “Option Awards” column value	$	—	$	—	$	(3,325,000)
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end	$	—	$	12,503,714	$	18,750,006
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end	$	5,357,685	$	(641,502)	$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year	$	—	$	—	$	9,696,359
+/- change in fair value for prior-year equity awards that vested in the covered year	$	8,472,600	$	(857,590)	$	(44,706)
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year	$	—	$	—	$	—
+ Includable dividends/earnings on equity awards during covered year	$	—	$	—	$	—
[+ excess fair value for equity award modifications]	$	—	$	—	$	—
Compensation Actually Paid to PEO 1 (column (c-1))	$	14,044,496	$	11,118,485	$	28,415,687
For PEO 2 (Kedar Deshpande):
Summary Compensation Table Total for PEO 2 (column (b-2))	n/a		n/a		$	906,845	$	8,690,747	$	9,419,692
- SCT “Stock Awards” column value					$	—	$	7,980,691	$	8,377,500
- SCT “Option Awards” column value					$	—	$	—	$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end					$	—	$	2,079,723	$	8,685,000
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end					$	—	$	(3,645,000)	$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year					$	—	$	1,587,925	$	—
+/- change in fair value for prior-year equity awards that vested in the covered year					$	(965,704)	$	(1,257,188)	$	—
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year					$	(1,584,271)	$	—	$	—
+ Includable dividends/earnings on equity awards during covered year					$	—	$	—	$	—
[+ excess fair value for equity award modifications]					$	—	$	—	$	—
Compensation Actually Paid to PEO 2 (column (c-2))					$	(1,643,130)	$	(524,483)	$	9,727,192
For PEO 3 (Aaron Cooper):


Summary Compensation Table Total for PEO 3 (column (b-3))	n/a		n/a		n/a		n/a		$	6,528,618
- SCT “Stock Awards” column value									$	4,878,999
- SCT “Option Awards” column value									$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end									$	—
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end									$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year									$	1,969,587
+/- change in fair value for prior-year equity awards that vested in the covered year									$	(297,179)
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year									$	1,024,991
+ Includable dividends/earnings on equity awards during covered year									$	—
[+ excess fair value for equity award modifications]									$	—
Compensation Actually Paid to PEO 3 (column (c-3))									$	2,297,036
For Non-PEO Named Executive Officers (Average):
Average Summary Compensation Table Total for Non-PEO NEOs (column (d))	$	2,722,432	$	7,564,302	$	720,376	$	1,952,463	$	3,033,187
- SCT “Stock Awards” column value	$	(2,165,154)	$	(7,103,914)	$	(249,333)	$	761,932	$	2,148,633
- SCT “Option Awards” column value	$	—	$	—	$	—	$	—	$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end	$	1,172,001	$	4,688,897	$	784,665	$	423,131	$	1,447,245
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end	$	1,590,552	$	—	$	94,177	$	(1,023,866)	$	(536,481)
+ vesting date fair value of covered-year equity awards that vested in the covered year	$	—	$	—	$	—	$	—	$	—
+/- change in fair value for prior-year equity awards that vested in the covered year	$	1,531,769	$	(452,833)	$	(101,437)	$	(412,436)	$	102,972
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year	$	—	$	—	$	(157,889)	$	20,000	$	1,643,060
+ Includable dividends/earnings on equity awards during covered year	$	—	$	—	$	—	$	—	$	—
[+ excess fair value for equity award modifications]	$	—	$	—	$	—	$	—	$	—
Average Compensation Actually Paid to Non-PEO NEOs (column (e))	$	4,851,600	$	4,696,453	$	1,090,560	$	157,360	$	255,230

* The fair value or incremental fair value of all incentive equity awards is determined in accordance with ASC 718, “Compensation - Stock Compensation,” and does not differ materially from the methodology and assumptions the Company uses for financial reporting purposes when determining the grant date fair value of our equity awards reflected in the Summary Compensation Table.

Non-PEO NEO Average Total Compensation Amount

$ 2,722,432

$ 7,564,302

$ 720,376

$ 1,952,463

$ 3,033,187

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,851,600

4,696,453

1,090,560

157,360

255,230

Adjustment to Non-PEO NEO Compensation Footnote


Item Added (Deducted)	2025		2024		2023		2022		2021
For PEO 1 (Dusan Senkypl):
Summary Compensation Table Total for PEO 1 (column (b-1))	$	744,707	$	19,057,618	$	3,339,028	n/a		n/a
- SCT “Stock Awards” column value	$	(530,495)	$	(18,943,753)	$	—
- SCT “Option Awards” column value	$	—	$	—	$	(3,325,000)
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end	$	—	$	12,503,714	$	18,750,006
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end	$	5,357,685	$	(641,502)	$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year	$	—	$	—	$	9,696,359
+/- change in fair value for prior-year equity awards that vested in the covered year	$	8,472,600	$	(857,590)	$	(44,706)
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year	$	—	$	—	$	—
+ Includable dividends/earnings on equity awards during covered year	$	—	$	—	$	—
[+ excess fair value for equity award modifications]	$	—	$	—	$	—
Compensation Actually Paid to PEO 1 (column (c-1))	$	14,044,496	$	11,118,485	$	28,415,687
For PEO 2 (Kedar Deshpande):
Summary Compensation Table Total for PEO 2 (column (b-2))	n/a		n/a		$	906,845	$	8,690,747	$	9,419,692
- SCT “Stock Awards” column value					$	—	$	7,980,691	$	8,377,500
- SCT “Option Awards” column value					$	—	$	—	$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end					$	—	$	2,079,723	$	8,685,000
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end					$	—	$	(3,645,000)	$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year					$	—	$	1,587,925	$	—
+/- change in fair value for prior-year equity awards that vested in the covered year					$	(965,704)	$	(1,257,188)	$	—
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year					$	(1,584,271)	$	—	$	—
+ Includable dividends/earnings on equity awards during covered year					$	—	$	—	$	—
[+ excess fair value for equity award modifications]					$	—	$	—	$	—
Compensation Actually Paid to PEO 2 (column (c-2))					$	(1,643,130)	$	(524,483)	$	9,727,192
For PEO 3 (Aaron Cooper):


Summary Compensation Table Total for PEO 3 (column (b-3))	n/a		n/a		n/a		n/a		$	6,528,618
- SCT “Stock Awards” column value									$	4,878,999
- SCT “Option Awards” column value									$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end									$	—
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end									$	—
+ vesting date fair value of covered-year equity awards that vested in the covered year									$	1,969,587
+/- change in fair value for prior-year equity awards that vested in the covered year									$	(297,179)
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year									$	1,024,991
+ Includable dividends/earnings on equity awards during covered year									$	—
[+ excess fair value for equity award modifications]									$	—
Compensation Actually Paid to PEO 3 (column (c-3))									$	2,297,036
For Non-PEO Named Executive Officers (Average):
Average Summary Compensation Table Total for Non-PEO NEOs (column (d))	$	2,722,432	$	7,564,302	$	720,376	$	1,952,463	$	3,033,187
- SCT “Stock Awards” column value	$	(2,165,154)	$	(7,103,914)	$	(249,333)	$	761,932	$	2,148,633
- SCT “Option Awards” column value	$	—	$	—	$	—	$	—	$	—
+ year-end fair value of equity awards granted in covered year that are outstanding and unvested as of the covered year-end	$	1,172,001	$	4,688,897	$	784,665	$	423,131	$	1,447,245
+/- change in fair value for equity awards granted in prior years that are outstanding and unvested as of the covered year-end	$	1,590,552	$	—	$	94,177	$	(1,023,866)	$	(536,481)
+ vesting date fair value of covered-year equity awards that vested in the covered year	$	—	$	—	$	—	$	—	$	—
+/- change in fair value for prior-year equity awards that vested in the covered year	$	1,531,769	$	(452,833)	$	(101,437)	$	(412,436)	$	102,972
- Prior year-end fair value of prior-year equity awards that fail to vest in the covered year	$	—	$	—	$	(157,889)	$	20,000	$	1,643,060
+ Includable dividends/earnings on equity awards during covered year	$	—	$	—	$	—	$	—	$	—
[+ excess fair value for equity award modifications]	$	—	$	—	$	—	$	—	$	—
Average Compensation Actually Paid to Non-PEO NEOs (column (e))	$	4,851,600	$	4,696,453	$	1,090,560	$	157,360	$	255,230

Compensation Actually Paid vs. Total Shareholder Return

Relationship of Compensation Actually Paid to Total Shareholder Return

Compensation Actually Paid vs. Net Income

Relationship of Compensation Actually Paid to Company Net Income

Compensation Actually Paid vs. Company Selected Measure

Relationship of Compensation Actually Paid to Company Adjusted EBITDA*

* Adjusted EBITDA is a non-GAAP financial measure.

Total Shareholder Return Vs Peer Group

Relationship of Compensation Actually Paid to Total Shareholder Return

Tabular List, Table


Revenue
Adjusted EBITDA*
Stock Price

Total Shareholder Return Amount

$ 46.35

31.98

33.79

22.58

60.96

Peer Group Total Shareholder Return Amount

195.91

163.03

130.55

84.88

126.63

Net Income (Loss)

$ (83,250,000)

$ (56,514,000)

$ (52,934,000)

$ (234,380,000)

$ 120,348,000

Company Selected Measure Amount

69,332

69,308

55,453

(15,113)

143,228

PEO Name

Kedar Deshpande

Dusan Senkypl

Aaron Cooper

Dusan Senkypl

Kedar Deshpande

Additional 402(v) Disclosure

For each of 2025, 2024, 2023, 2022 and 2021, our TSR was calculated as the yearly percentage change in our cumulative total shareholder return on our common stock, measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for a period beginning with our closing price on the Nasdaq Stock Market on December 31, 2020 through and including the last day of the fiscal year covered (the “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between our stock price at the end and the beginning of the Measurement Period, divided by (b) our stock price at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the year-end values of such investment as of the end of 2025, 2024, 2023, 2022 and 2021, as applicable. Because fiscal years are presented in the table in reverse chronological order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.Net income is calculated in accordance with GAAP.

Measure:: 1