Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for potentially dilutive securities. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock and dilutive common stock equivalents outstanding for the period determined using the treasury-stock and if-converted methods. For all periods presented, there is no difference in the number of shares used to calculate basic and diluted shares outstanding as inclusion of the potentially dilutive securities on loss per share would be antidilutive.

Potentially dilutive securities (in common stock equivalent shares) excluded from the calculation of diluted net loss per share because to do so would be anti-dilutive for the periods presented are as follows:


	Six months ended June 30,
	2026	2025
Stock options	14,528,184	14,992,091
Unvested RSUs	2,790,997	2,183,873
Estimated shares of common stock expected to be purchased under the ESPP	283,573	444,624
Stock held in trust under deferred compensation plan	34,843	3,400
Total	17,637,597	17,623,988