v3.25.2
Common Stock
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Common Stock Common Stock
The Company’s common stockholders are entitled to dividends if and when declared by the Company’s Board of Directors, or the Board of Directors. As of June 30, 2025, and December 31, 2024, no dividends on the Company's common stock had been declared by the Board of Directors.
The Company’s common stock has been reserved for the following potential future issuances:
June 30,
2025		December 31,
2024
(unaudited)
Shares underlying outstanding stock options
5,103,9094,631,750
Shares underlying unvested restricted stock units
7,871,2487,020,251
Shares underlying unvested performance-based restricted stock units1,268,2351,290,684
Shares available for issuance under the 2018 Incentive Award Plan9,524,8598,079,498
Shares available for issuance under the 2018 Employee Stock Purchase Plan3,004,8902,208,577
Shares available for issuance under the 2023 Employment Inducement Incentive Award Plan
3,709,8363,916,766
Total30,482,97727,147,526
At-The-Market Offering Program
In August 2024, the Company entered into an Open Market Sales Agreement, or the Sales Agreement, with Jefferies LLC, or the Agent, with respect to an at-the-market offering program under which the Company may offer and sell, from time to time at its sole discretion, shares of its common stock, having aggregate gross proceeds of up to $400.0 million through the Agent, subject to the terms and conditions of the Sales Agreement. As of June 30, 2025, no shares of the Company's common stock have been sold under the Sales Agreement.
Treasury stock repurchase
In February 2025, in connection with the Note Exchange Transaction, the Company repurchased $45.0 million of shares of its common stock through a financial intermediary at a price of $46.09 per share. The repurchased common stock was accounted for as treasury stock at cost, and recorded as a reduction of the Company's stockholders’ equity on the condensed consolidated balance sheets.