7 unchanged sentences
The closing price of our Class A common stock as of December 31, 2025 was $8.07 per share as reported on the NYSE.
−Removed: As of December 31, 2024, there were 73 stockholders of record of our Class B common stock and two stockholders of record of our Class C common stock.
+Added: As of December 31, 2025, there were 73 stockholders of record of our Class B common stock and 2 stockholders of record of our Class C common stock.
Dividend Policy
5 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: There were no purchases of equity securities by the issuer or any “affiliated purchasers” (as defined in Rule 10b-18(a)(3) the Exchange Act) during the three months ended December 31, 2024.
+Added: The following table summarizes stock repurchase activity for the three months ended December 31, 2025 (in thousands, except per share data):
+Added: Total Number of
+Added: Shares Purchased (1)
+Added: Average Price Per
+Added: Total Number of Shares
+Added: Purchased as Part of
+Added: Publicly Announced
+Added: Approximate Dollar Value
+Added: of Shares that May Yet be
+Added: Repurchased Under the
+Added: October 1, 2025 - October 31, 2025 — $ — — $ —
+Added: November 1, 2025 - November 30, 2025 29,400 $ 8.51 29,400 $ 250,000
+Added: December 1, 2025 - December 31, 2025 — $ — — $ 250,000
+Added: Total 29,400 29,400
+Added: (1) In November 2025, our board of directors authorized a stock repurchase program of up to $500.0 million of our Class A common stock.
+Added: During the fourth quarter of 2025, we repurchased 29.4 million shares of our Class A common stock for $250.3 million, including costs associated with the repurchases.
+Added: As of December 31, 2025, the remaining availability under the stock repurchase authorization was $250.0 million.
+Added: This program was completed in January 2026.
+Added: (2) Average price paid per share includes costs associated with the repurchases.
Recent Sale of Unregistered Securities and Use of Proceeds
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.