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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Aug. 02, 2025

Share-Based Payment Arrangement [Abstract]

The following table summarizes the shares available for grant under the 2017 Plan:


						Shares Available for Grant
Balance at August 3, 2024						5,239,593
Authorized						6,237,914
Granted						(13,452,678)
Forfeited						4,605,416
Balance at August 2, 2025						2,630,245

2019 Inducement Plan

Stock option activity under the 2011 Plan, 2017 Plan, and 2019 Plan was as follows:


	Options Outstanding
	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in thousands)
Balance at August 3, 2024	10,094,852	$	5.67	8.36	$	4,272


Exercised	(294,566)	3.71
Cancelled	(483,791)	11.50
Balance at August 2, 2025	9,316,495	$	5.43	7.41	$	6,774

Options vested and exercisable at year-end	6,510,370	$	6.17	7.09	$	4,264
Options vested and expected to vest at year-end	9,311,243	$	5.42	7.41	$	6,771

Schedule of Unvested Restricted Stock Units Activity

RSU award activity under the 2017 Plan and 2019 Plan was as follows:


	Unvested RSU Awards
	Class A Common Stock	Weighted- Average Grant Date Fair Value
Unvested at August 3, 2024	8,239,439	$	6.04

Granted	10,813,687	3.36
Vested	(7,423,416)	4.61
Forfeited	(5,038,425)	4.83
Unvested at August 2, 2025	6,591,285	$	4.18

Schedule of Performance Stock Units Activity

PSU award activity under the 2017 Plan was as follows:


	Unvested PSU Awards
	Class A Common Stock	Weighted- Average Grant Date Fair Value
Unvested at August 3, 2024	—	$	—

Granted	2,638,991	3.48


Unvested at August 2, 2025	2,638,991	$	3.48

Schedule of Black Scholes Option Pricing Model Assumptions

The fair value of stock options granted in fiscal 2024 and fiscal 2023 to employees was estimated at the grant date using the Black-Scholes option-pricing model with the following assumptions:


	For the Fiscal Year Ended
	August 3, 2024	July 29, 2023
Expected term (in years)	3.7 - 5.5	3.2 - 5.5
Volatility	77.3% - 79.9%	80.3% - 87.3%
Risk free interest rate	4.1% - 4.8%	3.6% - 4.4%
Dividend yield	—%	—%

The following assumptions are used to establish the fair value of the Company’s PSUs with market-based vesting conditions:


			For the Fiscal Year Ended
			August 2, 2025
Fair value per tranche			$3.01 - $3.64
Derived service period (in years)			0.59 - 1.57
Expected volatility			83.2%
Risk-free rate			3.8%
Cost of equity			20.6%