SHARE-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 30, 2025 |
Equity [Abstract] |
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Schedule of Stock Option Issuances and Balances Outstanding |
The following table summarizes stock option activity during the six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | Shares Underlying Options | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Life (years) | | Aggregate Intrinsic Value (in thousands) | Outstanding at December 31, 2024 | 9,283,331 | | | $ | 20.13 | | | 5.51 | | $ | 16,408 | | Granted | 1,434,200 | | | 20.50 | | | | | Exercised | (289,106) | | | 16.54 | | | | | 1,577 | | Forfeited/canceled | (242,094) | | | 23.65 | | | | | Outstanding at June 30, 2025 | 10,186,331 | | | $ | 20.20 | | | 6.05 | | $ | 9,485 | | Vested and expected to vest at June 30, 2025 | 10,186,331 | | | $ | 20.20 | | | 5.82 | | $ | 9,485 | | Exercisable at June 30, 2025 | 7,341,431 | | | $ | 21.15 | | | 4.91 | | $ | 4,534 | |
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Schedule of Service Based Restricted Stock Activity |
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 Units | | Weighted Average Grant Date Fair Value | Unvested at December 31, 2024 | 3,517,263 | | | $ | 15.41 | | Granted | 2,180,790 | | | 20.15 | | Vested | (1,169,451) | | | 16.29 | | Forfeited/canceled | (121,553) | | | 16.31 | | Unvested at June 30, 2025 | 4,407,049 | | | $ | 17.49 | |
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Schedule of Performance Based Restricted Stock Activity |
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 Units | | Weighted Average Grant Date Fair Value | Unvested at December 31, 2024 | 216,208 | | | $ | 18.34 | | Granted | 88,000 | | | 20.46 | | Vested | (70,604) | | | 27.54 | | Forfeited/canceled | — | | | — | | Unvested at June 30, 2025 | 233,604 | | | $ | 16.35 | |
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Schedule of Share Based Compensation Expenses |
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, | | 2025 | | 2024 | | 2025 | | 2024 | Research and development | $ | 3,990 | | | $ | 3,774 | | | $ | 8,716 | | | $ | 7,431 | | Selling, general and administrative | 6,659 | | | 6,146 | | | 13,425 | | | 12,246 | | Total share-based compensation | $ | 10,649 | | | $ | 9,920 | | | $ | 22,141 | | | $ | 19,677 | |
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