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

The stock-based compensation expense included in the Company’s condensed statement of operations and comprehensive loss for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Research and development

 

$

5,151

 

 

$

4,190

 

 

$

8,562

 

 

$

6,482

 

General and administrative

 

 

6,880

 

 

 

5,379

 

 

 

11,323

 

 

 

8,128

 

 

$

12,031

 

 

$

9,569

 

 

$

19,885

 

 

$

14,610

 

Summary of Stock Option Activity under 2019 Plan and 2021 Plan

The following table summarizes stock option activity under the 2019 Plan, 2021 Plan and assumed options in the AnHeart acquisition for the six months ended June 30, 2025.

 

 

 

Shares

 

Outstanding at December 31, 2024

 

 

57,729,709

 

Granted

 

 

24,304,015

 

Exercised

 

 

(2,808,239

)

Forfeited or canceled

 

 

(1,571,305

)

Outstanding at June 30, 2025

 

 

77,654,180

 

Exercisable at June 30, 2025

 

 

29,550,511

 

Summary of Restricted Stock Units Activity

The following table summarizes the activity for the restricted stock units for the six months ended June 30, 2025.

 

 

Restricted Stock Units

 

Non-vested at December 31, 2024

 

 

1,420,131

 

Granted

 

 

 

Vested

 

 

(1,290,874

)

Forfeited or canceled

 

 

 

Non-vested at June 30, 2025

 

 

129,257