v3.25.2
Stockholders’ (Deficit) Equity (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the Company’s option activity and related information:
Number of
Options
(in thousands)
Weighted-
Average
Exercise Price
Balance at December 31, 20243,909 $29.39 
Options granted1,131 3.99 
Options forfeited(26)93.25 
Balance at June 30, 20255,014 23.32 
Exercisable as of June 30, 20251,948 47.82 
Schedule of Restricted Stock Units Activity
The following table summarizes the Company’s RSUs activity and related information:
Number of RSUs
(in thousands)
Weighted-
Average Grant-
Date Fair Value
Outstanding at December 31, 2024259 $16.00 
Granted291 4.12 
Vested and released(77)23.64 
Forfeited(4)5.26 
Outstanding at June 30, 2025469 7.48 
Schedule of Stock-Based Compensation Expense
The following table presents, by operating expense, the Company’s stock-based compensation expense:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
(In thousands)
Research and development$1,086 $1,088 $2,297 $2,208 
General and administrative1,337 2,857 2,904 5,903 
Total stock-based compensation expense$2,423 $3,945 $5,201 $8,111