v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity The following table summarizes RSU activity during the three months ended March 31, 2026:

 

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 RSUs outstanding at December 31, 2024

 

 

69,827

 

 

$

5.65

 

 Granted

 

 

266,849

 

 

$

3.72

 

 Forfeited

 

 

(49,288

)

 

$

3.25

 

 Vested

 

 

(24,039

)

 

$

5.57

 

RSUs outstanding at December 31, 2025

 

 

263,349

 

 

$

3.88

 

Forfeited

 

 

(7,376

)

 

$

3.25

 

RSUs outstanding at March 31, 2026

 

 

255,973

 

 

$

3.90

 

Summary of Stock Option Activity The following table summarizes stock option activity during the three months ended March 31, 2026:

 

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term
(Years)

 

 Options outstanding at December 31, 2024

 

 

10,310,571

 

 

$

4.95

 

 

 

8.4

 

 Granted

 

 

4,593,177

 

 

$

3.94

 

 

 

 

 Exercised

 

 

(64,040

)

 

$

3.53

 

 

 

 

 Forfeited

 

 

(2,557,612

)

 

$

4.58

 

 

 

 

Options outstanding at December 31, 2025

 

 

12,282,096

 

 

$

4.66

 

 

 

7.9

 

 Granted

 

 

131,975

 

 

$

2.18

 

 

 

 

 Forfeited

 

 

(924,300

)

 

$

5.32

 

 

 

 

 Options outstanding at March 31, 2026

 

 

11,489,771

 

 

$

4.57

 

 

 

6.5

 

Options exercisable at March 31, 2026

 

 

6,303,840

 

 

$

4.77

 

 

 

4.7

 

Summary of Weighted-Average Assumptions used to Estimate Fair Value of Stock Options Granted

The weighted-average assumptions used to estimate the fair value of stock options granted during the three months ended March 31, 2026 were as follows:

 

 

March 31,

 

 

 

2026

 

Expected term (in years)

 

 

6.2

 

Volatility

 

 

62.5

%

Risk-free rate

 

 

3.8

%

Dividend yield

 

 

0.0

%