v3.25.4
Stock-Based Awards (Tables)
3 Months Ended
Dec. 31, 2025
Summary of Stock Option Activity

The following table summarizes stock option activity, including aggregate intrinsic value, for the year-to-date period ending December 31, 2025:

 

 

Shares
Issuable
Under
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value

 

 

 

(in thousands)

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Outstanding as of September 30, 2025

 

 

5,759

 

 

$

36.31

 

 

 

6.0

 

 

$

6,457

 

Granted

 

 

1,153

 

 

 

13.66

 

 

 

 

 

 

 

Exercised

 

 

(16

)

 

 

8.93

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Expired

 

 

(252

)

 

 

34.77

 

 

 

 

 

 

 

Outstanding as of December 31, 2025

 

 

6,644

 

 

$

32.50

 

 

 

6.7

 

 

$

16,933

 

Options vested and expected to vest as of
   December 31, 2025

 

 

6,644

 

 

$

32.50

 

 

 

6.7

 

 

$

16,933

 

Options exercisable as of December 31, 2025

 

 

3,991

 

 

$

45.16

 

 

 

5.1

 

 

$

5,639

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes the restricted stock unit activity for the year-to-date period ending December 31, 2025:

 

 

Restricted Stock
Units

 

 

Weighted
Average Grant
Date Fair
Value

 

 

 

(in thousands)

 

 

 

 

Unvested as of September 30, 2025

 

 

408

 

 

$

24.15

 

Granted

 

 

171

 

 

 

13.66

 

Vested

 

 

(147

)

 

 

34.16

 

Cancelled

 

 

(7

)

 

 

46.86

 

Unvested as of December 31, 2025

 

 

425

 

 

$

16.08

 

Stock-Based Compensation Expense

During the three months ended December 31, 2025 and 2024, the Company recognized the following stock-based compensation expense:

 

 

Three Months Ended December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Research and development

 

$

1,660

 

 

$

1,432

 

General and administrative

 

 

2,150

 

 

 

4,234

 

 

$

3,810

 

 

$

5,666

 

 

 

 

Three Months Ended December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Stock options

 

$

2,475

 

 

$

3,343

 

Restricted stock units

 

 

1,098

 

 

 

1,411

 

rTSRUs

 

 

111

 

 

 

273

 

Performance stock units

 

 

126

 

 

 

639

 

 

$

3,810

 

 

$

5,666

 

Performance Share Units and Relative Total Stockholder Return Units [Member]  
Summary of PSUs and rTSRUs Activity The following table summarizes PSU and rTSRU activity (at target) for the year-to-date period ending December 31, 2025:

 

 

PSUs

 

 

rTSRUs

 

 

 

Shares

 

 

Weighted
Average
Grant Date Fair
Value

 

 

Shares

 

 

Weighted
Average
Grant Date Fair
Value

 

 

 

(in thousands)

 

 

 

 

 

(in thousands)

 

 

 

 

Unvested as of September 30, 2025

 

 

93

 

 

$

8.47

 

 

 

93

 

 

$

9.57

 

Granted

 

 

58

 

 

 

15.39

 

 

 

58

 

 

 

18.33

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

Unvested as of December 31, 2025

 

 

151

 

 

$

11.11

 

 

 

151

 

 

$

12.91