Related Party Transactions

9 Months Ended

Sep. 28, 2025

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Employment Relationship

As of September 28, 2025, we employed one family member of our CEO, who assists with sales in North America.

Affiliate Notes

On April 20, 2023, we issued $172.5 million aggregate principal amount of 2028 Convertible Senior Notes, which included $10.0 million principal amount of the Affiliate Notes that were issued to an entity affiliated with Thurman John “T.J.” Rodgers, our Chairman, in a concurrent private placement. The Affiliate Notes were recorded in Long-term debt, net on our Condensed Consolidated Balance Sheets.

For fiscal quarters ended September 28, 2025 and September 29, 2024, we recorded $0.1 million, for each respective quarter, of interest expense related to the Affiliate Notes in our Condensed Consolidated Statements of Operations. For fiscal years-to-date ended September 28, 2025 and September 29, 2024, we recorded $0.2 million, for each respective period, of interest expense related to the Affiliate Notes. See Note 8 “Borrowings” for more information.

In connection with the Warrants issued to 2028 Convertible Senior Notes’ holders, we recorded $0.5 million as interest expense for the fair value of the Warrants issued to the affiliate note holders during the fiscal quarter and fiscal year-to-date ended September 28, 2025.