v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table
Pay Versus Performance
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officers (“PEOs”) and the Named Executive Officers, other than the PEO
(“Non-PEO
NEOs”), and Company performance for the fiscal years listed below. The Compensation Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
 
Year
  
Summary
Compensation
Table Total
for First
PEO
1
($)
    
Summary
Compensation
Table Total
for Second
PEO
1
($)
    
Compensation
Actually Paid
to
First PEO
1, 2, 3
($)
    
Compensation
Actually Paid
to Second
PEO
1, 2, 3
($)
    
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs
1
($)
    
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
1,2,3
($)
    
Value of
Initial
Fixed $100
Investment
based on:
4
TSR
($)
    
Net Income
($ Thousands)
  
2024     3,744,028       2,841,570       (5,923,989 )      1,133,688       1,122,491       131,651       112.66       (105,600 ) 
2023     9,493,213       —        14,877,498       —        2,758,765       3,885,171       440.79       (119,763 ) 
 
(1)
Shoshana Shendelman served as PEO in 2023 and until December 19, 2024 (“First PEO”). John Johnson began serving as our PEO on December 19, 2024 (“Second PEO”). The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2023
   
2024
Riccardo Perfetti    Riccardo Perfetti
Adam Hansard    Les Funtleyder
   Dale Hooks
 
(2)
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.
 
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEOs 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 Stock Awards and Option Awards columns set forth in the Summary Compensation Table.
 
Named Executive Officers, Footnote
(1)
Shoshana Shendelman served as PEO in 2023 and until December 19, 2024 (“First PEO”). John Johnson began serving as our PEO on December 19, 2024 (“Second PEO”). The individuals comprising the
Non-PEO
NEOs for each year presented are listed below.
 
2023
   
2024
Riccardo Perfetti    Riccardo Perfetti
Adam Hansard    Les Funtleyder
   Dale Hooks
  
Non-PEO NEO Average Total Compensation Amount $ 1,122,491 $ 2,758,765
Non-PEO NEO Average Compensation Actually Paid Amount 131,651 3,885,171
Total Shareholder Return Amount 112.66 440.79
Net Income (Loss) (105,600,000) (119,763,000)
Shoshana Shendelman [Member]    
Pay vs Performance Disclosure    
PEO Total Compensation Amount 3,744,028 9,493,213
PEO Actually Paid Compensation Amount $ (5,923,989) 14,877,498
PEO Name Shoshana Shendelman  
John Johnson [Member]    
Pay vs Performance Disclosure    
PEO Total Compensation Amount $ 2,841,570 0
PEO Actually Paid Compensation Amount $ 1,133,688 $ 0
PEO Name John Johnson