v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense

Total stock-based compensation expense related to the Company’s equity incentive plan and employee stock purchase plan was recorded in the condensed statements of operations as follows (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development

 

$

412

 

 

$

4,807

 

 

$

2,746

 

 

$

9,169

 

General and administrative

 

 

2,301

 

 

 

3,621

 

 

 

5,454

 

 

 

7,181

 

Total stock-based compensation expense

 

$

2,713

 

 

$

8,428

 

 

$

8,200

 

 

$

16,350

 

 

Summary of Company's stock awards granted

The following table summarizes the Company's stock awards granted for each of the periods indicated:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

Stock options

 

 

 

 

$

 

 

 

29,805

 

 

$

7.44

 

 

 

 

 

$

 

 

 

1,552,298

 

 

$

7.82

 

Restricted stock units

 

 

6,058

 

 

$

1.12

 

 

 

35,474

 

 

$

8.53

 

 

 

14,666

 

 

$

2.02

 

 

 

1,400,817

 

 

$

9.89