Stockholders' Equity (Deficit)

9 Months Ended

Sep. 30, 2025

11. Stockholders' Equity (Deficit)

Common Stock Reserved for Issuance

In February 2024, our board of directors adopted the 2024 Incentive Award Plan (the “2024 Plan”), which became effective in connection with the IPO. Under the 2024 Plan, shares of our Class A common stock are reserved for issuance pursuant to a variety of stock-based compensation awards, including stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance bonus awards, performance stock unit awards, dividend equivalents, or other stock or cash based awards.

We have reserved the following shares of common stock, on an as-converted basis, for future issuance:


	September 30, 2025	December 31, 2024
Outstanding stock options	11,268,637	14,687,538
Outstanding RSUs	5,413,621	11,175,380


Remaining shares reserved for future issuances under the 2024 Plan	45,842,621	36,711,788
Shares reserved for community impact initiatives and charitable activities	1,337,205	1,337,205
Total shares of common stock reserved	63,862,084	63,911,911

The remaining shares reserved for future issuance under the 2024 Plan relate to our Class A common stock.

- Definition

The entire disclosure for equity.

+ References

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+ Details

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