v3.25.2
Equity Incentive Awards (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following weighted-average assumptions were used for stock options granted in the six months ended June 30, 2025 and 2024:
 Expected VolatilityRisk-free Interest RateExpected TermDividend
Rate
Six Months Ended June 30, 2025    
Employees105 %3.9 %4— %
Officers and non-employee directors115 %4.3 %6— %
Six Months Ended June 30, 2024
Employees96 %4.5 %4— %
Officers and non-employee directors104 %4.2 %6— %
Share-based Payment Arrangement, Option, Activity
The following is a summary of stock option activity under Lexicon’s stock-based compensation plans:
 Stock OptionsWeighted Average Exercise Price
 (in thousands) 
Outstanding at December 31, 202415,389 $3.20 
Granted10,594 0.69 
Exercised— — 
Expired(310)6.41 
Forfeited(2,388)2.41 
Outstanding at June 30, 202523,285 2.10 
Exercisable at June 30, 20257,835 $4.03 
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of restricted stock unit activity under Lexicon’s stock-based compensation plans:
 RSU’sWeighted Average Grant Date
Fair Value
 (in thousands) 
Outstanding at December 31, 20246,300 $2.27 
Granted14,323 0.69 
Vested(2,761)2.35 
Forfeited(1,539)1.39 
Outstanding at June 30, 202516,323 $0.95