| Schedule of Restructuring and Related Costs |
The following table summarizes the restructuring costs incurred and the total estimated costs expected to be incurred in connection with the 2026 Restructuring: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | Six Months Ended June 30, 2026 | | Cumulative Costs to Date | | Total Estimated Costs | | (in thousands) | | Employee severance, benefits and related taxes | $ | 83 | | | $ | 2,640 | | | $ | 2,640 | | | $ | 2,640 | | | Employee retention bonuses, benefits and related taxes | 1,296 | | | 2,079 | | | 2,079 | | | 2,881 | | | Stock-based compensation | 50 | | | 665 | | | 665 | | | 665 | | | Contract termination costs | (50) | | | 300 | | | 300 | | | 300 | | Total restructuring costs | $ | 1,379 | | | $ | 5,684 | | | $ | 5,684 | | | $ | 6,486 | |
Total restructuring costs recognized in our condensed consolidated statements of operations were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | (in thousands) | | Research and development | $ | 419 | | | $ | — | | | $ | 3,477 | | | $ | — | | | General and administrative | 960 | | | — | | | 2,207 | | | — | | Total restructuring costs | $ | 1,379 | | | $ | — | | | $ | 5,684 | | | $ | — | |
Accrued restructuring costs, which are included in accrued expenses and other current liabilities on our condensed consolidated balance sheets were as follows (in thousands): | | | | | | | | | | | | | | | | | Balance as of December 31, 2025 | $ | — | | | | Restructuring costs recognized during the period | 4,305 | | | | Cash payments made during the period | (3,971) | | | | Employee retention bonuses paid in advance | 724 | | | | Non-cash charges recognized during the period | (615) | | | | | Balance as of March 31, 2026 | 443 | | | | Restructuring costs recognized during the period | 1,379 | | | | Cash payments made during the period | (1,229) | | | | | Amortization of employee retention bonuses paid in the prior period | (509) | | | | Non-cash charges recognized during the period | (50) | | | | | Balance as of June 30, 2026 | $ | 34 | | | |
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