Compensation and benefits expense decreased by $2.4 million to $40.2 million for the six months ended June 30, 2026, compared to $42.6 million for the six months ended June 30, 2025, primarily driven by lower Lima One salaries and benefits expense and the inclusion of Corporate severance costs recognized in the second quarter of 2025, partially offset by higher annual bonus and stock-based awards expenses.

filing / Aug 5, 2026 / receipt

Lima One moved into the new office space on July 15, 2025. For the three and six months ended June 30, 2026, the Company recorded an expense in connection with this lease of approximately $ 0.6 million and $ 1.1 million, respectively.

filing / Aug 5, 2026 / receipt

In February 2026, the Company entered into a ten-year lease agreement for new corporate headquarters office space located in New York City, with an expected lease commencement date in the fourth quarter of 2026, and expected future annual rental expense of approximately $ 1.8 million.

filing / Aug 5, 2026 / receipt

Additionally, in December 2024, Lima One executed a new office lease for its headquarters in Greenville, South Carolina.

filing / Aug 5, 2026 / receipt

of depreciation expense related to the remaining undepreciated tenant improvements at our former corporate headquarters, partially offset by lower lease expenses associated with the early exit of the corporate office space in June 2026.

filing / Aug 5, 2026 / receipt

Compensation and benefits expense decreased by $2.4 million to $40.2 million for the six months ended June 30, 2026, compared to $42.6 million for the six months ended June 30, 2025, primarily driven by lower Lima One salaries and benefits expense and the inclusion of Corporate severance costs recognized in the second quarter of 2025, partially offset by higher annual bonus and stock-based awards expenses.

filing / Aug 5, 2026 / receipt

Lima One moved into the new office space on July 15, 2025. For the three and six months ended June 30, 2026, the Company recorded an expense in connection with this lease of approximately $ 0.6 million and $ 1.1 million, respectively.

filing / Aug 5, 2026 / receipt

In February 2026, the Company entered into a ten-year lease agreement for new corporate headquarters office space located in New York City, with an expected lease commencement date in the fourth quarter of 2026, and expected future annual rental expense of approximately $ 1.8 million.

filing / Aug 5, 2026 / receipt

Additionally, in December 2024, Lima One executed a new office lease for its headquarters in Greenville, South Carolina.

filing / Aug 5, 2026 / receipt

of depreciation expense related to the remaining undepreciated tenant improvements at our former corporate headquarters, partially offset by lower lease expenses associated with the early exit of the corporate office space in June 2026.

filing / Aug 5, 2026 / receipt

Lima One moved into the new office space on July 15, 2025. For the three months ended March 31, 2026, the Company recorded an expense in connection with this lease of approximately $ 0.6 million.

filing / May 5, 2026 / receipt

In February 2026, the Company entered into a ten-year lease agreement for new corporate headquarters office space located in New York City, with an expected lease commencement date in the fourth quarter of 2026, and expected future annual rental expense of approximately $ 1.8 million.

filing / May 5, 2026 / receipt