v3.26.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Stockholders' Equity

8. Stockholders’ Equity

Under the Third Amended and Restated Certificate of Incorporation, dated May 10, 2022, as amended on June 20, 2024, as currently in effect, the Company has the authority to issue a total of 500,000,000 shares of common stock (par value of $0.0001 per share) and 10,000,000 shares of undesignated preferred stock (par value of $0.0001 per share). Each share of common stock has the right to one vote. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the board of directors, subject to the prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No cash dividends were declared by the board of directors during the three months ended March 31, 2026.

The Company has reserved shares of common stock for issuance, on an as-converted basis, as follows:

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Stock options

 

 

8,153,885

 

 

 

5,970,707

 

Restricted stock and performance stock units

 

 

1,150,470

 

 

 

288,533

 

Authorized for future stock awards or option grants under the 2022 Plan

 

 

2,257,181

 

 

 

1,914,063

 

Authorized for future stock awards or option grants under the Inducement Plan

 

 

637,184

 

 

 

637,184

 

Authorized for future issuance under the ESPP

 

 

1,210,579

 

 

 

532,579

 

Total

 

 

13,409,299

 

 

 

9,343,066