v3.25.2
Share-Based Payments (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Company's Stock Option Activity
The following table presents stock option activity for the six months ended June 30, 2025:
Number of
Stock Options
Weighted-Average
Exercise Price
Outstanding at December 31, 20245,834,256 $43.48 
Granted885,023 33.40 
Exercised(3,783)29.10 
Cancelled/Forfeited(80,385)45.29 
Expired(210,536)106.49 
Outstanding at June 30, 20256,424,575 $40.01 
Exercisable at June 30, 20254,243,623 $44.21 
Vested and expected to vest at June 30, 20256,424,575 $40.01 
Schedule of RSU Activity
The following table presents RSU activity for the six months ended June 30, 2025:
Number of
Stock Units
Weighted-Average
Grant Date Fair 
Value
Unvested shares at December 31, 20241,818,563 $30.31 
Granted1,114,325 33.16 
Vested(743,358)30.06 
Forfeited(93,407)30.56 
Unvested shares at June 30, 20252,096,123 $31.90 
Schedule of PSU Activity
The following table presents PSU activity for the six months ended June 30, 2025:
Number of
Stock Units
Weighted-Average
Grant Date Fair 
Value
Unvested shares at December 31, 2024374,583 $29.45 
Granted185,450 33.25 
Vested(83,027)26.35 
Unvested shares at June 30, 2025477,006 $31.47 
Schedule of Stock-Based Compensation Expense by Award Type Included within the Condensed Consolidated Statements of Operations
Stock-based compensation expense by award type included within the condensed consolidated statements of operations is as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2025202420252024
Stock options$4,622 $4,361 $9,022 $8,432 
Restricted stock units7,507 6,211 14,191 11,177 
Performance-based stock units2,188 750 2,188 750 
Employee stock purchase plan375 243 650 440 
Total stock-based compensation expense$14,692 $11,565 $26,051 $20,799 
Schedule of Expenses Related to Stock Options and Stock-based Awards
Expenses related to stock options and stock-based awards were allocated as follows in the condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2025202420252024
Research and development expense$5,336 $4,460 $9,940 $8,235 
Selling, general and administrative expense9,356 7,105 16,111 12,564 
Total stock-based compensation expense$14,692 $11,565 $26,051 $20,799