v3.26.1
SHARE-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
The Company recorded employee and nonemployee share-based compensation expense as follows (in thousands):
Three Months Ended March 31,
20262025
Employee$1,414 $2,639 
Nonemployee135 183 
$1,549 $2,822 
Schedule of Share-Based Compensation Expense by Line Item
Share-based compensation expense is included in the following line items in the condensed statements of operations (in thousands):
Three Months Ended March 31,
20262025
Research and development$382 $503 
General and administrative1,167 2,319 
$1,549 $2,822 
Summary of Activity of Option Plans
The following table summarizes activity in the Company’s stock option plans for the three months ended March 31, 2026:
Outstanding Option SharesWeighted-Average Exercise Price
Balance as of December 31, 2025168,993$165.54 
Granted—— 
Exercised—— 
Forfeited/canceled(21,012)274.66 
Balance as of March 31, 2026147,981$150.05 
Summary of Restricted Stock Unit Activity
The following table summarizes the Company’s RSU activity for the three months ended March 31, 2026:
RSU AwardsWeighted-Average Grant Date Fair Value
Unvested RSUs as of December 31, 20251,623,933$7.36 
Granted—— 
Forfeited(5,171)4.87 
Vested(617,830)8.95 
Unvested RSUs as of March 31, 20261,000,932$6.41