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

11. Common Stock and Stockholders’ Equity

Authorized Shares

The Company’s current Amended and Restated Certificate of Incorporation authorizes 200,000,000 shares of common stock, par value $0.0001 per share, and 10,000,000 shares of preferred stock, par value $0.0001 per share.

Common Stock Reserved for Future Issuance

Common stock reserved for future issuance consisted of the following:

 

 

March 31, 2026

 

 

December 31, 2025

 

Common stock options granted and outstanding

 

 

20,325,316

 

 

 

16,744,639

 

Restricted stock units granted and outstanding

 

 

—

 

 

 

1,382

 

Common stock reserved for future awards or option grants

 

 

9,461,226

 

 

 

8,085,186

 

Common stock reserved for future employee stock purchase plan issuances

 

 

3,422,563

 

 

 

2,722,563

 

Warrants to purchase common stock

 

 

45,456

 

 

 

45,456

 

Total

 

 

33,254,561

 

 

 

27,599,226

 

 

Equity Offerings

In January 2025, the Company filed an automatic shelf registration statement on Form S-3ASR with the Securities and Exchange Commission which became effective upon filing (the “Shelf Registration Statement”). The Shelf Registration Statement allows the Company, from time to time, to offer and sell any combination of shares of the Company’s common stock and preferred stock, various series of debt securities, and/or warrants to purchase any of such securities, either individually or in combination with other securities, in one or more offerings. The Company simultaneously entered into a Controlled Equity OfferingSM sales agreement (the “Equity Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”) to allow the Company to offer, sell and issue shares of the Company’s common stock from time to time through Cantor acting as sales agent and up to a maximum aggregate offering price of $200.0 million. As of March 31, 2026, no securities have been sold pursuant to the Shelf Registration Statement or Equity Sales Agreement.