v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Award Activity for the Period
The following table summarizes the activity related to the stock option awards for the three months ended March 31, 2026:
Number of Shares Weighted
Average Exercise Price
Aggregate Intrinsic Value (in thousands)
Awards outstanding at December 31, 20251,017,620 $25.18 
Granted475,719 37.04 
Awards outstanding at March 31, 20261,493,339 $28.96 $20,731 
Options exercisable at March 31, 2026520,306 $31.51 $8,947 
Weighted average remaining contractual term7.1 Years
Options vested and expected to vest at March 31, 20261,208,395 $28.50 
Weighted average remaining contractual term8.3 Years
Schedule of Compensation Expense Related to Grants of Stock Options
Compensation expense related to the grants of stock options is included in research and development and general and administrative expense as follows (in thousands):
Three Months Ended March 31,
20262025
Research and development$444 $227 
General and administrative944 586 
Total share-based compensation expense$1,388 $813