Equity (Tables)

6 Months Ended

Jun. 30, 2026

Equity [Abstract]

Schedule of Capitalization and Voting Rights

The following table summarizes the capitalization and voting rights of the Company’s classes of stock as of June 30, 2026:

	Authorized	Issued	Outstanding	Votes per share	Economic Rights
Preferred stock	10,000,000	None	None
Common stock:
Class A	250,000,000	9,109,212	8,386,996	1	Yes
Class B	100,000,000	42,435,897	42,435,897	10(1)	No

(1)Each share of Class B common stock entitles its holders to ten votes per share on all matters presented to the stockholders and on which the holders of the Class B common stock are entitled to vote; provided, that each share of Class B common stock will only be entitled to one vote per share on all matters presented to the stockholders generally upon the Sunset Date.

Schedule of Class A Common Stock Reserved for Issuance

The following table summarizes Class A common stock reserved for issuances as of June 30, 2026:

Conversion of LLC Interests held by Continuing Equity Owners	42,435,897
RSUs	2,773,841
Total	45,209,738