v3.26.1
Share-Based Payments (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Company's Stock Option Activity
The following table presents stock option activity for the six months ended June 30, 2026:
Number of
Stock Options
Weighted-Average
Exercise Price
Outstanding at December 31, 20256,113,063 $39.62 
Granted851,777 29.98 
Exercised(115,910)28.77 
Cancelled/Forfeited(168,230)46.41 
Expired(128,627)42.25 
Outstanding at June 30, 20266,552,073 $38.33 
Exercisable at June 30, 20264,629,494 $41.19 
Vested and expected to vest at June 30, 20266,552,073 $38.33 
Schedule of RSU Activity
The following table presents RSU activity for the six months ended June 30, 2026:
Number of
Stock Units
Weighted-Average
Grant Date Fair 
Value
Unvested shares at December 31, 20252,007,463 $32.03 
Granted1,258,034 29.16 
Vested(871,391)29.87 
Forfeited(207,202)32.19 
Unvested shares at June 30, 20262,186,904 $31.22 
Schedule of PSU Activity
The following table presents PSU activity for the six months ended June 30, 2026:
Number of
Stock Units
Weighted-Average
Grant Date Fair 
Value
Unvested shares at December 31, 2025376,978 $32.55 
Granted83,500 29.20 
Vested(103,128)31.69 
Unvested shares at June 30, 2026357,350 $32.02 
Schedule of Nonvested Share Activity
The following table presents MSU activity for the six months ended June 30, 2026:
Number of
Stock Units
Weighted-Average
Grant Date Fair 
Value
Unvested shares at December 31, 2025— $— 
Granted131,500 49.34 
Unvested shares at June 30, 2026131,500 $49.34 
Schedule of Stock-Based Compensation Expense by Award Type Included within the Condensed Consolidated Statements of Operations
Stock-based compensation expense by award type included within the condensed consolidated statements of operations is as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In thousands)2026202520262025
Stock options$5,951 $4,622 $10,452 $9,022 
Restricted stock units7,947 7,507 15,145 14,191 
Performance-based stock units964 2,188 4,232 2,188 
Market-based stock units570 — 764 — 
Employee stock purchase plan509 375 889 650 
Total stock-based compensation expense$15,941 $14,692 $31,482 $26,051 
Schedule of Expenses Related to Stock Options and Stock-based Awards
Expenses related to stock options and stock-based awards were allocated as follows in the condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
(In thousands)2026202520262025
Research and development expense$6,815 $5,336 $12,510 $9,940 
Selling, general and administrative expense9,126 9,356 18,972 16,111 
Total stock-based compensation expense$15,941 $14,692 $31,482 $26,051