v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
May 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
Option activity under the Stock Plans and the 2024 Inducement Plan is set forth below:
Number of
options
outstanding
Weighted-
average
exercise
price
Balances as of November 30, 202511,372,272$15.76 
Options granted2,222,27116.61 
Options exercised(84,630)5.21 
Options forfeited(425,774)19.64 
Balances as of May 31, 202613,084,139$15.84 
Schedule of RSU Activity
RSU activity under the Stock Plans and 2024 Inducement Plan is set forth below:
Number of RSUsWeighted-average grant date fair value
Balances as of November 30, 20252,245,837$14.02 
RSUs granted1,681,81216.60 
RSUs vested(625,405)13.23 
RSUs forfeited(232,340)16.63 
Balances as of May 31, 20263,069,904$15.40 
Schedule of Stock-Based Compensation Expense Related to Stock Options
Stock-based compensation expense related to the Stock Plans, the 2024 Inducement Plan and the ESPP that is included in the Company’s condensed statements of operations is as follows (in thousands):
Three Months Ended,
May 31,
Six Months Ended
May 31,
2026202520262025
Research and development$6,859 $5,845 $12,206 $10,989 
General and administrative4,529 4,540 8,586 8,118 
Total stock-based compensation$11,388 $10,385 $20,792 $19,107