v3.25.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity The following table summarizes RSU activity during the six months ended June 30, 2025:

 

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 RSUs outstanding at December 31, 2023

 

 

414,566

 

 

$

8.08

 

 Granted

 

 

100,044

 

 

$

4.76

 

 Vested

 

 

(444,783

)

 

$

7.72

 

RSUs outstanding at December 31, 2024

 

 

69,827

 

 

$

5.65

 

Granted

 

 

266,849

 

 

$

3.72

 

Forfeited

 

 

(29,879

)

 

$

3.25

 

Vested

 

 

(24,039

)

 

$

5.57

 

RSUs outstanding at June 30, 2025

 

 

282,758

 

 

$

3.84

 

Summary of Stock Option Activity The following table summarizes stock option activity during the six months ended June 30, 2025:

 

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term
(Years)

 

 Options outstanding at December 31, 2023

 

 

8,141,716

 

 

$

4.66

 

 

 

8.9

 

 Granted

 

 

4,200,766

 

 

$

5.43

 

 

 

 

 Exercised

 

 

(556,515

)

 

$

4.29

 

 

 

 

 Forfeited

 

 

(1,475,396

)

 

$

4.99

 

 

 

 

Options outstanding at December 31, 2024

 

 

10,310,571

 

 

$

4.95

 

 

 

8.4

 

 Granted

 

 

4,228,627

 

 

$

3.97

 

 

 

 

 Exercised

 

 

(64,040

)

 

$

3.53

 

 

 

 

 Forfeited

 

 

(1,329,073

)

 

$

4.59

 

 

 

 

 Options outstanding at June 30, 2025

 

 

13,146,085

 

 

$

4.68

 

 

 

8.2

 

Options exercisable at June 30, 2025

 

 

4,893,930

 

 

$

4.75

 

 

 

6.9

 

Summary of Weighted-Average Assumptions used to Estimate Fair Value of Stock Options Granted

The weighted-average assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2025 were as follows:

 

 

June 30,

 

 

 

2025

 

Expected term (in years)

 

 

6.0

 

Volatility

 

 

62.4

%

Risk-free rate

 

 

4.0

%

Dividend yield

 

 

0.0

%