v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-based Awards Activity and RSU Activity

The following table provides a summary of stock-based awards activity for the three months ended March 31, 2026:

Stock Options:

 

Outstanding at December 31, 2025

 

 

13,243,462

 

Granted

 

 

25,000

 

Exercised

 

 

(388,554

)

Expired/cancelled/forfeited

 

 

(6,250

)

Outstanding at March 31, 2026

 

 

12,873,658

 

RSUs:

 

Outstanding at December 31, 2025

 

 

6,905,000

 

Granted

 

 

20,000

 

Vested

 

 

(125,000

)

Forfeited

 

 

 

Outstanding at March 31, 2026

 

 

6,800,000

 

Stock-based Compensation Expense included in Accompanying Statements of Operations and Comprehensive Loss

Stock-based compensation expense is included in the following line items in the accompanying statements of operations and comprehensive loss for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Research and development

 

$

3,540

 

 

$

905

 

General and administrative

 

 

7,187

 

 

 

2,067

 

Total stock-based compensation

 

$

10,727

 

 

$

2,972