Our stock-based compensation consists of various types of awards, each accounted for separately. There is no overlap between Options, Restricted stock awards (RSAs) and Restricted stock units (RSUs), performance stock units (PSUs).

Certain options granted under the Restated Plan to employees are intended to qualify as incentive stock options under existing tax regulations. Options may also be issued in connection with acquisitions as replacement awards for acquiree employee stock options. Stock options generally vest over one to five years and expire five to ten years years from the date of grant.


Outstanding Options	Shares	Weighted Average Exercise price Per Common Share		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value (in thousands)
Balance, December 31, 2024	1,172,773	$	16.77
Granted	163,838	30.96
Exercised	(338,218)	16.11
Balance, Canceled, forfeited or expired	(3,519)	79.90
Balance, December 31, 2025	994,874	19.11		5.42	$	51,977
Exercisable at December 31, 2025	816,743	15.81		5.06	45,360

Aggregate intrinsic value in the table above represents the total pretax intrinsic value (the difference between our closing stock price on December 31, 2025 and the exercise price, multiplied by the number of in-the-money options as applicable) that would have been received by the holder had all holders exercised their options on December 31, 2025. As of December 31, 2025, total unrecognized stock-based compensation expense related to non-vested employee awards was $0.5 million which is expected to be recognized over a weighted average period of approximately 0.66 years.

The Restated Plan permits the award of RSAs and RSUs. The following summarizes all unvested RSA and RSU activities during for the year ended December 31, 2025:


	RSA's & RSU's	Weighted-Average Remaining Contractual Term (Years)	Weighted-Average Fair Value
RSA's and RSU's unvested at December 31, 2024	687,655		$	35.31
Changes during the period
Granted	1,001,191		$	70.39
Vested	(770,849)		$	53.97
Forfeited	(24,612)		$	45.68
RSA's and RSU's unvested at December 31, 2025	893,385	1.61	$	58.23

In January 2022, we granted certain employees PSUs with a target award of 25,683 shares of our common stock with a fair value of $29.44. The PSUs will vest in two equal parts, starting three years from the grant date based on continuous service, with the number of shares earned (0% to 200% of the target award) depending upon the extent to which we achieve a performance condition as determined by the board of directors over the period from January 1, 2022 through December 31, 2022. In January of 2023, based on the performance condition achieved, the board of directors issued 12,843 shares.

In January 2023, we granted certain employees PSUs with a target award of 60,685 shares of our common stock with a fair value of $18.64. The PSUs will vest in five equal parts, starting three years from the grant date based on continuous service, with the number of shares earned (0% to 200% of the target award) depending upon the extent to which we achieve a performance condition as determined by the board of directors over the period from January 1, 2023 through December 31, 2023. In March of 2024, based on the performance condition being achieved, the board of directors issued 121,370 shares.

In October 2024, we granted certain employees PSUs with a target award of 35,522 shares of our common stock. he PSUs vest in five equal annual installments on each anniversary of the grant date, subject to continued service and achievement of a performance condition established at the grant date. The performance condition will be measured over a performance period ending no later than the seventh anniversary of the grant date. The number of shares earned may range from 0% to 100% of the target award based on actual performance results. As of December 31, 2025, based on performance achieved to date, all 35,522 shares are expected to vest.

In summary, of the 20,100,000 shares of common stock reserved for issuance under the Restated Plan at December 31, 2025, there remain 2,188,284 shares available for future issuance.