filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
As of the three months ended March 31, 2026, there have been no significant changes to the risk factors outlined in our Annual Report on Form 10-K for the year ended December 31, 2025.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended March 31, 2026, we redeemed $0.8 million aggregate principal amount of the 2027 Notes, and we settled conversions in respect of $80.3 million aggregate principal amount with $80.3 million in cash and issued 211,870 shares of our common stock. We relied on the exemption provided by Section 3(a)(9) of the Securities Act in connection with the issuance of 211,870 shares. In connection with these conversions, we received 41,139 shares from option counterparties in connection with partial termination of the Note Hedge and Warrants.
| Period | Total number of shares purchased | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs | |||||||||||||||||||
| January 1, 2026 - January 31, 2026 | — | — | — | — | |||||||||||||||||||
| February 1, 2026 - February 28, 2026 | 41,139 (1) | — | — | — | |||||||||||||||||||
| March 1, 2026 - March 31, 2026 | — | — | — | — |
(1) Represents shares of common stock received from option counterparties in connection with the partial termination of the Note Hedge and Warrants in February 2026, which is separate from the stock repurchase plan discussed in our 2025 Annual Report on Form 10-K
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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