0001583648 2025-01-01 2025-12-31 0001583648 pvla:StephenYoderMember 2025-01-01 2025-12-31 0001583648 pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 pvla:StephenYoderMember 2024-01-01 2024-12-31 0001583648 pvla:WesleyHKaupinenMember 2024-01-01 2024-12-31 0001583648 2024-01-01 2024-12-31 0001583648 pvla:StephenYoderMember 2023-01-01 2023-12-31 0001583648 pvla:WesleyHKaupinenMember 2023-01-01 2023-12-31 0001583648 2023-01-01 2023-12-31 0001583648 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:EqtyAwrdsAdjsExclgValRprtdInSummryCompstnTblMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:PeoMember pvla:WesleyHKaupinenMember 2025-01-01 2025-12-31 0001583648 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001583648 ecd:DvddsOrOthrErngsPdOnEqtyAwrdsNtOthrwsRflctdInTtlCompForCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 iso4217:USD PALVELLA THERAPEUTICS, INC. true <div style="margin-top:8pt; text-align:justify; width:480pt; line-height:11.5pt;"> <span style="letter-spacing:0.2pt;">During 2025, our board of directors and Compensation Committee did not take into account any material nonpublic information when determining the timing and terms of equity incentive awards, and we did not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. During 2025, we did not grant stock options to any of our named executive officers during any period beginning four business days before and ending one business day after the filing or furnishing of a Form 10-K, 10-Q or 8-K that disclosed material nonpublic information. </span> </div> During 2025, our board of directors and Compensation Committee did not take into account any material nonpublic information when determining the timing and terms of equity incentive awards false false During 2025, we did not grant stock options to any of our named executive officers during any period beginning four business days before and ending one business day after the filing or furnishing of a Form 10-K, 10-Q or 8-K that disclosed material nonpublic information. <div style="margin-top:12pt; width:480pt; line-height:12pt;color:#000000;font-size:10pt;"> <span style="letter-spacing:-0.2pt;">PAY VERSUS PERFORMANCE</span><span style="font-weight:normal;letter-spacing:0.2pt;"> </span> </div> <div style="margin-top:8pt; text-align:justify; width:480pt; line-height:12pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">As required by SEC rules, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company. The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how we or our Compensation Committee view the link between our performance and the pay of our principal executive officer, or PEO, and our NEOs. </span> </div> <table style="width:480pt;min-height:96.23pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:5.5pt;"> <tr style="line-height:6.17pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:5.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt; width:36pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Year</span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Summary <br/> Compensation <br/> Table <br/> Total for <br/> First PEO</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Summary <br/> Compensation <br/> Table <br/> Total for <br/> Second <br/> PEO</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Compensation <br/> Actually <br/> Paid to <br/> First PEO</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)(2)(3)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Compensation <br/> Actually <br/> Paid to <br/> Second <br/> PEO</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)(2)(3)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Average <br/> Summary <br/> Compensation <br/> Table <br/> Total for <br/> Non-PEO <br/> NEOs</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Average <br/> Compensation <br/> Actually <br/> Paid to <br/> Non-PEO <br/> NEOs</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(1)(2)(3)</span><span style="text-transform:uppercase;letter-spacing:-0.11pt;"> <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Value of <br/> Initial Fixed <br/> $100 <br/> Investment <br/> based on <br/> TSR ($)</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(4)</span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.01pt;">​</td> <td colspan="4" style="background:#007BDB;padding:6.053pt 0pt 1.217pt 0pt;"> <div style="text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.11pt;">Net Income <br/> (Loss) <br/> ($ Thousands)</span><span style=" position:relative; bottom:2.25pt;line-height:4.5pt;text-transform:uppercase;font-size:4.5pt;letter-spacing:-0.09pt;">(5)</span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:6.46999999999997pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; width:36pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.13pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.39pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-1">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.39pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;">3,404,904 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-2">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:28.5pt; text-align:right; white-space:nowrap;">57,096,633 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;">1,975,637 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">21,474,399</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.27pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:16.5pt; text-align:right; white-space:nowrap;">125.81</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.27pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.445pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.32pt 0pt 2.54pt 0pt; min-width:18pt; text-align:right; white-space:nowrap;">(41,715<span style="position:absolute;">)</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.445pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> <tr style="line-height:6.46999999999997pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt; width:4pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; width:36pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.13pt;">2024 </span> </div> </td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:10.39pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,426,204</td> <td style="padding:0pt;padding-left:10.39pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;">5,148,564</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,379,772</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:28.5pt; text-align:right; white-space:nowrap;">4,551,549</td> <td style="padding:0pt;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;">1,195,278</td> <td style="padding:0pt;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">1,270,466</td> <td style="padding:0pt;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:11.27pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:16.5pt; text-align:right; white-space:nowrap;">14.42</td> <td style="padding:0pt;padding-left:11.27pt;width:0pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt; width:4.01pt;">​</td> <td style="padding:0pt;padding-left:14.445pt;width:0pt;">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="padding:3.53pt 0pt 2.53pt 0pt; min-width:18pt; text-align:right; white-space:nowrap;">(17,434<span style="position:absolute;">)</span></td> <td style="padding:0pt;padding-left:14.445pt;width:0pt;">​</td> <td style="padding:0pt; width:4pt;">​</td> </tr> <tr style="line-height:6.46999999999997pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; width:36pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.13pt;">2023 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.39pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,358,952</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.39pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-3">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">553,945</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:28.5pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-4">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:25.5pt; text-align:right; white-space:nowrap;">717,241</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.385pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">448,400</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.76pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.27pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:16.5pt; text-align:right; white-space:nowrap;">17.50</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.27pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.01pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.445pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:3.53pt 0pt 2.53pt 0pt; min-width:18pt; text-align:right; white-space:nowrap;">18,691</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.445pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:12pt; margin-top:4pt; margin-bottom:0pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(1)</span> <br/> </div> <div style=" margin-top:4pt; margin-bottom:0pt; line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Stephen Yoder, the Former Chief Executive Officer, was our PEO until December 2024. Wesley H. Kaupinen was our PEO since December 2024 and was our only PEO in 2025. For purposes of the pay-versus-performance disclosure, Mr. Yoder is referred to as the “First PEO” and Mr. Kaupinen as the “Second PEO.” The individuals comprising the Non-PEO NEOs for each year presented are listed below. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <table style="width:440pt;min-height:64.6pt;margin-left:20pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <tr style="line-height:8pt;min-height:16.8pt;height:16.8pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2023 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2024 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Thomas Bures </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Kathleen Goin </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Kathleen Goin </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> <tr style="line-height:9.99999999999994pt;white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt; width:4pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Shane Olwill </span> </div> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Jeffrey Martini </span> </div> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Matthew E. Korenberg </span> </div> </td> <td style="padding:0pt; width:4pt;">​</td> </tr> <tr style="white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4; width:136pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:2.85pt 0pt 3pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Thomas Bures </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4; width:136pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:12pt; margin-top:4pt; margin-bottom:0pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(2)</span> <br/> </div> <div style=" margin-top:4pt; margin-bottom:0pt; line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div><div style="margin-top:12.15pt;margin-left:58pt;width:480pt;"> <div style=" float:left; line-height:12pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(3)</span> <br/> </div> <div style=" line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <table style="width:480pt;min-height:83.39pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <tr style="line-height:10.1pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">SUMMARY <br/> COMPENSATION <br/> TABLE TOTAL <br/> FOR SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">EXCLUSION OF <br/> STOCK AWARDS <br/> AND OPTION <br/> AWARDS FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">INCLUSION OF <br/> EQUITY VALUES <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">COMPENSATION <br/> ACTUALLY PAID <br/> TO SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; width:84pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:33.75pt; text-align:right; white-space:nowrap;">3,404,904 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:33pt; text-align:right; white-space:nowrap;">(2,469,886<span style="position:absolute;">) </span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">56,161,615</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">57,096,633</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <table style="width:480pt;min-height:93.5pt;margin-top:8.00999999999999pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <tr style="line-height:10.1pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> SUMMARY <br/> COMPENSATION <br/> TABLE TOTAL <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> EXCLUSION OF <br/> STOCK AWARDS <br/> AND OPTION <br/> AWARDS FOR <br/> NON-PEO NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> INCLUSION OF <br/> EQUITY VALUES <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> COMPENSATION <br/> ACTUALLY PAID <br/> TO NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; width:84pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:33.75pt; text-align:right; white-space:nowrap;">1,975,637 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:33pt; text-align:right; white-space:nowrap;">(1,306,017<span style="position:absolute;">) </span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">20,804,779</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">21,474,399</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <div style="margin-top:9.19pt; text-align:justify; width:480pt; line-height:12pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: </span> </div> <table style="width:480pt;min-height:124.15pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR-END <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">FAIR VALUE AT <br/> LAST DAY OF <br/> PRIOR YEAR <br/> OF EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">18,246,373</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">32,369,914</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,867,105</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">3,678,223</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">56,161,615</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <table style="width:480pt;min-height:131.44pt;margin-top:8pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt; width:51pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> YEAR-END <br/> FAIR VALUE <br/> OF EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE FAIR <br/> VALUE AT <br/> LAST DAY <br/> OF PRIOR <br/> YEAR OF <br/> EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED <br/> FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> AVERAGE <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; width:51pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">9,647,786</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">8,157,109</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:19.5pt; text-align:right; white-space:nowrap;">987,360</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">2,012,524</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">20,804,779</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:12pt; margin-top:4.7pt; margin-bottom:0pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(4)</span> <br/> </div> <div style=" margin-top:4.7pt; margin-bottom:0pt; line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Assumes $100 was invested in the Company for the period starting December 31, 2022, through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> <div style=" float:left; line-height:12pt; margin-top:7.19pt; margin-bottom:0pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(5)</span> <br/> </div> <div style=" margin-top:7.19pt; margin-bottom:0pt; line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The dollar amounts reported represent the amount of net income (loss) for Palvella Therapeutics as reported in the Company’s audited financial statements for 2025 and 2024. </span> </div> <div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div> </div> 3404904 57096633 1975637 21474399 125.81 -41715000 1426204 5148564 1379772 4551549 1195278 1270466 14.42 -17434000 1358952 553945 717241 448400 17.5 18691000 <div style=" float:left; line-height:12pt; margin-top:4pt; margin-bottom:0pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(1)</span> <br/> </div><div style=" margin-top:4pt; margin-bottom:0pt; line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Stephen Yoder, the Former Chief Executive Officer, was our PEO until December 2024. Wesley H. Kaupinen was our PEO since December 2024 and was our only PEO in 2025. For purposes of the pay-versus-performance disclosure, Mr. Yoder is referred to as the “First PEO” and Mr. Kaupinen as the “Second PEO.” The individuals comprising the Non-PEO NEOs for each year presented are listed below. </span> </div><div style="clear:both; padding:0pt; margin:0pt;font-size:0pt;line-height:0pt;">​</div><table style="width:440pt;min-height:64.6pt;margin-left:20pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <tr style="line-height:8pt;min-height:16.8pt;height:16.8pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:8pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2023 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2024 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6pt;">​</td> <td style="background:#007BDB;padding:6.5pt 0pt 0.5pt 0pt; width:136pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.16pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Thomas Bures </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Kathleen Goin </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:3.65pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Kathleen Goin </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> <tr style="line-height:9.99999999999994pt;white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt; width:4pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Shane Olwill </span> </div> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Jeffrey Martini </span> </div> </td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:0pt; width:6pt;">​</td> <td style="padding:2.85pt 0pt 1pt 0pt; width:136pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">Matthew E. Korenberg </span> </div> </td> <td style="padding:0pt; width:4pt;">​</td> </tr> <tr style="white-space:nowrap;text-align:center;vertical-align:middle;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4; width:136pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4;padding:2.85pt 0pt 3pt 0pt; width:136pt;"> <div style="text-align:center; line-height:12pt;"> <span style="letter-spacing:0.2pt;">Thomas Bures </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6pt;">​</td> <td style="background:#DCF2F4; width:136pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> Wesley H. Kaupinen <div style=" float:left; line-height:12pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(3)</span> <br/> </div><div style=" line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. </span> </div><table style="width:480pt;min-height:93.5pt;margin-top:8.00999999999999pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <tr style="line-height:10.1pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> SUMMARY <br/> COMPENSATION <br/> TABLE TOTAL <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> EXCLUSION OF <br/> STOCK AWARDS <br/> AND OPTION <br/> AWARDS FOR <br/> NON-PEO NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> INCLUSION OF <br/> EQUITY VALUES <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.767pt 0pt 1.62pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">AVERAGE <br/> COMPENSATION <br/> ACTUALLY PAID <br/> TO NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; width:84pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:33.75pt; text-align:right; white-space:nowrap;">1,975,637 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:33pt; text-align:right; white-space:nowrap;">(1,306,017<span style="position:absolute;">) </span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">20,804,779</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.29pt 0pt 0.51pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">21,474,399</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table><div style="margin-top:9.19pt; text-align:justify; width:480pt; line-height:12pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: </span> </div><table style="width:480pt;min-height:131.44pt;margin-top:8pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt; width:51pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> YEAR-END <br/> FAIR VALUE <br/> OF EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE FAIR <br/> VALUE AT <br/> LAST DAY <br/> OF PRIOR <br/> YEAR OF <br/> EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED <br/> FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> AVERAGE <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; width:51pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">9,647,786</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">8,157,109</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:19.5pt; text-align:right; white-space:nowrap;">987,360</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">2,012,524</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">20,804,779</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> <div style=" float:left; line-height:12pt; text-align:justify; width:20pt;white-space:nowrap;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">(3)</span> <br/> </div><div style=" line-height:12pt; text-align:justify; margin-left:20pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards and Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. </span> </div><table style="width:480pt;min-height:83.39pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <tr style="line-height:10.1pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:9pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">SUMMARY <br/> COMPENSATION <br/> TABLE TOTAL <br/> FOR SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">EXCLUSION OF <br/> STOCK AWARDS <br/> AND OPTION <br/> AWARDS FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">INCLUSION OF <br/> EQUITY VALUES <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td style="padding:0pt;background:#007BDB; width:6.5pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.777pt 0pt 1.61pt 0pt; width:84pt;"> <div style="text-align:center; line-height:10.11pt;"> <span style="text-transform:uppercase;letter-spacing:-0.18pt;">COMPENSATION <br/> ACTUALLY PAID <br/> TO SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:10pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:10pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; width:84pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.2pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:33.75pt; text-align:right; white-space:nowrap;">3,404,904 </td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.795pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:33pt; text-align:right; white-space:nowrap;">(2,469,886<span style="position:absolute;">) </span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:20.13pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">56,161,615</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:6.5pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.5pt 0pt; min-width:34.5pt; text-align:right; white-space:nowrap;">57,096,633</td> <td style="padding:0pt;background:#DCF2F4;padding-left:19.295pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table><div style="margin-top:9.19pt; text-align:justify; width:480pt; line-height:12pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: </span> </div><table style="width:480pt;min-height:124.15pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR-END <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">FAIR VALUE AT <br/> LAST DAY OF <br/> PRIOR YEAR <br/> OF EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">18,246,373</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">32,369,914</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,867,105</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">3,678,223</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">56,161,615</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> 3404904 -2469886 56161615 57096633 1975637 -1306017 20804779 21474399 <div style="margin-top:9.19pt; text-align:justify; width:480pt; line-height:12pt;font-weight:normal;color:#000000;font-size:10pt;"> <span style="letter-spacing:0.2pt;">The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: </span> </div><table style="width:480pt;min-height:124.15pt;margin-top:10pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR-END <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR SECOND <br/> PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">FAIR VALUE AT <br/> LAST DAY OF <br/> PRIOR YEAR <br/> OF EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td style="padding:0pt;background:#007BDB; width:2pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 0.99pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> SECOND PEO <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; width:54.16pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">18,246,373</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">32,369,914</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">1,867,105</td> <td style="padding:0pt;background:#DCF2F4;padding-left:14.605pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">3,678,223</td> <td style="padding:0pt;background:#DCF2F4;padding-left:11.925pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-5">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:26.01pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-6">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:23.33pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:2pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 0.99pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">56,161,615</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.05pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table><table style="width:480pt;min-height:131.44pt;margin-top:8pt;border-collapse: collapse;font-style:normal;font-weight:bold;font-variant:normal;text-transform:uppercase;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <tr style="line-height:7.28pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:bold;font-variant:normal;text-transform:none;color:#FFFFFF;font-family:Times New Roman, Times, serif ;font-size:6.5pt;"> <td style="padding:0pt;background:#007BDB; min-width:4pt;">​</td> <td style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt; width:51pt;"> <div style="white-space:nowrap; text-align:center;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">YEAR </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> YEAR-END <br/> FAIR VALUE <br/> OF EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT <br/> REMAINED <br/> UNVESTED AS <br/> OF LAST DAY <br/> OF YEAR FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO LAST <br/> DAY OF YEAR <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VESTING-DATE <br/> FAIR VALUE OF <br/> EQUITY <br/> AWARDS <br/> GRANTED <br/> DURING YEAR <br/> THAT VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> CHANGE IN <br/> FAIR VALUE <br/> FROM LAST <br/> DAY OF PRIOR <br/> YEAR TO <br/> VESTING DATE <br/> OF UNVESTED <br/> EQUITY <br/> AWARDS THAT <br/> VESTED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE FAIR <br/> VALUE AT <br/> LAST DAY <br/> OF PRIOR <br/> YEAR OF <br/> EQUITY <br/> AWARDS <br/> FORFEITED <br/> DURING YEAR <br/> FOR NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">AVERAGE <br/> VALUE OF <br/> DIVIDENDS OR <br/> OTHER <br/> EARNINGS <br/> PAID ON <br/> EQUITY <br/> AWARDS NOT <br/> OTHERWISE <br/> INCLUDED <br/> FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td style="padding:0pt;background:#007BDB; width:4.57pt;">​</td> <td colspan="4" style="background:#007BDB;padding:5.99pt 0pt 1pt 0pt;"> <div style="text-align:center; line-height:7.29pt;"> <span style="text-transform:uppercase;letter-spacing:-0.13pt;">TOTAL- <br/> AVERAGE <br/> INCLUSION OF <br/> EQUITY <br/> VALUES FOR <br/> NON-PEO <br/> NEOS <br/> ($) </span> </div> </td> <td style="padding:0pt;background:#007BDB; width:4pt;">​</td> </tr> <tr style="line-height:7.5pt;white-space:nowrap;text-align:center;vertical-align:bottom;font-style:normal;font-weight:normal;font-variant:normal;text-transform:none;color:#000000;font-family:Times New Roman, Times, serif ;font-size:7.5pt;"> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; width:51pt;"> <div style="text-align:center;"> <span style="letter-spacing:0.15pt;">2025 </span> </div> </td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">9,647,786</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">8,157,109</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:19.5pt; text-align:right; white-space:nowrap;">987,360</td> <td style="padding:0pt;background:#DCF2F4;padding-left:13.235pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:24pt; text-align:right; white-space:nowrap;">2,012,524</td> <td style="padding:0pt;background:#DCF2F4;padding-left:10.345pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-7">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:6pt; text-align:right; white-space:nowrap;"><span style="-sec-ix-hidden: hidden-fact-8">—</span></td> <td style="padding:0pt;background:#DCF2F4;padding-left:21.75pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4.57pt;">​</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:0pt; text-align:right; ">​</td> <td style="background:#DCF2F4;padding:4.3pt 0pt 1pt 0pt; min-width:27pt; text-align:right; white-space:nowrap;">20,804,779</td> <td style="padding:0pt;background:#DCF2F4;padding-left:8.47pt;width:0pt;">​</td> <td style="padding:0pt;background:#DCF2F4; width:4pt;">​</td> </tr> </table> 18246373 32369914 1867105 3678223 56161615 9647786 8157109 987360 2012524 20804779 <div style="position:relative;margin-top:10pt; text-align:center; width:480pt;"> <img alt="[MISSING IMAGE: bc_tsr-pn.jpg]" src="bc_tsr-pn.jpg" style="height: 344px; width: 625px;"/> </div> <div style="position:relative;margin-top:10pt; text-align:center; width:480pt;"> <img alt="[MISSING IMAGE: bc_netincome-pn.jpg]" src="bc_netincome-pn.jpg" style="height: 344px; width: 625px;"/> </div> DEF 14A 0001583648 false