v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-Based Compensation  
Schedule of Information Related to Stock Options Outstanding

Information related to stock options outstanding as of June 30, 2025 is as follows (in thousands, except share, exercise price, and contractual term):

    

    

    

Weighted-Average

    

Weighted-

Remaining

Number of

Average

Contractual Term

Aggregate Intrinsic

Stock Options

Exercise Price

(Years)

Value

Outstanding, December 31, 2024

 

6,630,477

$

9.32

 

6.0

$

5,839

Granted

 

1,954,950

$

6.61

 

  

 

  

Exercised

 

(4,167)

$

2.81

 

  

 

  

Forfeited or expired

 

(478,995)

$

9.76

 

  

 

  

Outstanding, June 30, 2025

 

8,102,265

$

8.64

 

5.4

$

1,146

Exercisable, June 30, 2025

 

4,315,513

$

9.25

 

5.7

$

1,145

Vested and expected to vest, June 30, 2025

 

7,761,457

$

8.67

 

5.4

$

1,146

Schedule of Stock-based Compensation Expense

Stock-based compensation expense is classified in the unaudited consolidated Statements of Operations and Comprehensive Loss for the three and six months ended June 30, 2025 and 2024 as follows (in thousands):

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

2025

    

2024

2025

    

2024

Research and development

$

1,553

$

1,574

$

3,329

$

3,249

General and administrative

 

2,013

 

2,737

 

4,252

 

4,712

Total

$

3,566

$

4,311

$

7,581

$

7,961