| Summary of Activity Related to Restricted Stock Awards and Units |
The following is the restricted stock award activity for the three and nine months ended September 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average Grant Date Fair Value |
| Nonvested at December 31, 2024 |
546,653 |
|
$ |
4.72 |
|
| Granted |
— |
|
|
— |
|
| Vested |
(170,800) |
|
4.74 |
|
| Forfeited |
(13,292) |
|
13.44 |
|
| Nonvested at March 31, 2025 |
362,561 |
|
$ |
4.39 |
|
| Granted |
— |
|
|
— |
|
| Vested |
(130,069) |
|
|
5.00 |
| Forfeited |
(39,585) |
|
|
7.97 |
| Nonvested at June 30, 2025 |
192,907 |
|
|
$ |
2.94 |
|
| Granted |
— |
|
|
— |
|
| Vested |
(54,499) |
|
|
2.65 |
| Forfeited |
— |
|
|
— |
|
| Nonvested at September 30, 2025 |
138,408 |
|
|
$ |
3.06 |
|
The following is the restricted stock unit award activity for the three and nine months ended September 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
Weighted Average Grant Date Fair Value |
| Nonvested at December 31, 2024 |
3,018,374 |
|
$ |
3.02 |
|
| Granted |
118,124 |
|
1.04 |
|
| Vested |
(530,347) |
|
3.94 |
|
| Forfeited |
(72,841) |
|
3.32 |
|
| Nonvested at March 31 2025 |
2,533,310 |
|
$ |
2.71 |
|
| Granted |
118,880 |
|
0.97 |
| Vested |
(561,931) |
|
2.32 |
| Forfeited |
(175,048) |
|
3.79 |
| Nonvested at June 30, 2025 |
1,915,211 |
|
$ |
2.46 |
|
| Granted |
712,115 |
|
0.96 |
| Vested |
(517,108) |
|
2.56 |
| Forfeited |
160,382 |
|
2.67 |
| Nonvested at September 30, 2025 |
2,270,600 |
|
$ |
1.81 |
|
|
| Schedule of Stock Based Compensation |
Stock-based compensation expense related to all awards issued under the Company’s stock compensation plans for the three and nine months ended September 30, 2025 and 2024 was as follows (amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
Nine Months Ended
September 30, |
|
2025 |
|
2024 |
|
2025 |
|
2024 |
| Commission and service costs |
$ |
243 |
|
|
$ |
793 |
|
|
$ |
1,350 |
|
|
$ |
2,659 |
|
| General and administrative |
327 |
|
|
1,173 |
|
|
1,628 |
|
|
4,329 |
|
| Marketing |
(8) |
|
|
1 |
|
|
35 |
|
|
130 |
|
| Total stock-based compensation |
$ |
562 |
|
|
$ |
1,967 |
|
|
$ |
3,013 |
|
|
$ |
7,118 |
|
|