v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes the Company’s stock option activity for the six months ended June 30, 2026.

Number of Options
Weighted average exercise price
Weighted average remaining contractual term (years)
Outstanding at December 31, 2025
119,464,728$4.147.8
Granted
5,092,63617.15 
Forfeited
(4,938,700)9.69 
Exercised
(1,250,849)5.22 
Outstanding at June 30, 2026
118,367,815 $4.45 7.4
Vested and expected to vest as of June 30, 2026
113,153,918 $4.35 7.3
Exercisable at June 30, 2026
67,128,849 $2.76 7.0
Schedule of Restricted Stock Units Activity
The following table summarizes the Company’s restricted stock unit activity for the six months ended June 30, 2026.

Number of Restricted Stock Units
Weighted Average Grant Date Fair Value per Share
Outstanding at December 31, 2025
—$—
Granted
730,00016.59 
Outstanding at June 30, 2026
730,000 $16.59 
Schedule of Stock-Based Compensation Expense
The total stock-based compensation expense included in the Company’s unaudited condensed consolidated statements of operations and comprehensive loss was as follows:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Research and development$24,141 $128,577 $48,544 $132,636 
General and administrative44,565 350,207 92,953 357,244 
Total stock-based compensation expense
$68,706$478,784$141,497$489,880
The following summarizes stock-based compensation expense associated with each of the Company’s stock-based compensation arrangements:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Stock options
$67,554 $478,553 $139,644 $489,416 
Restricted stock units
895 — 1,260 — 
Employee stock purchase plan
257 231 593 464 
Total stock-based compensation expense
$68,706$478,784$141,497$489,880