v3.25.2
SHARE-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
Stock Options
The following table summarizes stock option activity during the six months ended June 30, 2025:
 Shares Underlying OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (years)Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 20249,283,331 $20.13 5.51$16,408 
Granted1,434,200 20.50
Exercised(289,106)16.54 1,577 
Forfeited/canceled(242,094)23.65
Outstanding at June 30, 202510,186,331 $20.20 6.05$9,485 
Vested and expected to vest at June 30, 202510,186,331 $20.20 5.82$9,485 
Exercisable at June 30, 20257,341,431 $21.15 4.91$4,534 
At June 30, 2025, unamortized stock compensation for stock options was $27.2 million, with a remaining weighted-average recognition period of 2.7 years.
Restricted Stock Units
Service Based Restricted Stock Units
The following table summarizes the Company’s service based restricted stock unit activity during the six months ended June 30, 2025:
 Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested at December 31, 20243,517,263 $15.41 
Granted2,180,790 20.15 
Vested(1,169,451)16.29 
Forfeited/canceled(121,553)16.31 
Unvested at June 30, 20254,407,049 $17.49 
At June 30, 2025, unamortized stock compensation for service based restricted stock units was $64.3 million, with a remaining weighted-average recognition period of 2.8 years.
Performance Based Restricted Stock Units
The following table summarizes the Company’s performance based restricted stock unit activity during the six months ended June 30, 2025:
 Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested at December 31, 2024216,208 $18.34 
Granted88,000 20.46 
Vested(70,604)27.54 
Forfeited/canceled— — 
Unvested at June 30, 2025233,604 $16.35 
At June 30, 2025, unamortized stock compensation for performance based restricted stock units was $0.2 million, with a remaining weighted-average recognition period of 0.9 years.
Share-Based Compensation
Total share-based compensation presented in the Consolidated Statements of Stockholders' Equity includes both continuing operations and discontinued operations. The following table sets forth share-based compensation for continuing operations for the three and six months ended June 30, 2025 and 2024 (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Research and development$3,990 $3,774 $8,716 $7,431 
Selling, general and administrative6,659 6,146 13,425 12,246 
Total share-based compensation$10,649 $9,920 $22,141 $19,677