v3.26.1
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense

The Company recognized stock-based compensation expense in the Condensed Consolidated Statements of Operations as follows (in thousands):

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Research and development

 

$

226

 

 

$

131

 

General and administrative

 

 

496

 

 

 

432

 

Total stock-based compensation expense

 

$

722

 

 

$

563

 
Schedule of Restricted Stock Unit Activity

The following table shows a summary of all RSU activity for the three months ended March 31, 2026:

 

 

Number of
Underlying
Shares

 

Outstanding as of January 1, 2026

 

 

—

 

Granted

 

 

313,401

 

Cancelled

 

 

—

 

Vested

 

 

—

 

Outstanding as of March 31, 2026

 

 

313,401

 
Schedule of Option Activity for Share-Based Payment Arrangement

The following table shows a summary of all stock option activity for the three months ended March 31, 2026:

 

 

Number of
Underlying
Shares

 

 

Weighted-
Average
Exercise Price
Per Share

 

 

Weighted-
Average
Contractual
Life
Remaining
in Years

 

 

Aggregate
Intrinsic Value

 

Outstanding as of January 1, 2026

 

 

1,565,272

 

 

$

21.86

 

 

 

 

 

 

 

Granted

 

 

63,334

 

 

 

9.05

 

 

 

 

 

 

 

Forfeited

 

 

(90,535

)

 

 

22.22

 

 

 

 

 

 

 

Expired

 

 

—

 

 

 

-

 

 

 

 

 

 

 

Outstanding as of March 31, 2026

 

 

1,538,071

 

 

$

21.31

 

 

 

6.10

 

 

$

—

 

Exercisable as of March 31, 2026

 

 

1,289,730

 

 

$

22.84

 

 

 

6.18

 

 

$

—

 

Vested and expected to vest

 

 

1,538,071

 

 

$

21.31

 

 

 

6.10

 

 

$

—