v3.26.1
SHARE-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SHARE-BASED COMPENSATION SHARE-BASED COMPENSATION
Stock Options
The following table summarizes stock option activity during the six months ended June 30, 2026:
Weighted Average
Shares Underlying Options
Exercise
Price
Remaining Contractual Term (years)
Aggregate
Intrinsic Value
(in thousands)
Outstanding at December 31, 20258,241,429 $19.91 5.89$150,796 
Granted1,353,230 $33.97 
Exercised(1,575,054)$20.68 $32,560 
Forfeited/canceled(73,441)$22.15 
Outstanding at June 30, 20267,946,164 $22.13 6.55$275,548 
Vested and expected to vest at June 30, 20267,946,164 $22.13 6.55$275,548 
Exercisable at June 30, 20265,156,156 $20.56 5.32$186,921 
At June 30, 2026, unamortized stock compensation for stock options was $40.2 million, with a remaining weighted-average recognition period of 2.7 years.
Restricted Stock Units
Service Based Restricted Stock Units
The following table summarizes the Company’s service based restricted stock unit activity during the six months ended June 30, 2026:
Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested at December 31, 20254,567,367 $18.02 
Granted2,326,360 $33.50 
Vested(1,368,563)$18.21 
Forfeited/canceled(180,880)$22.79 
Unvested at June 30, 20265,344,284 $24.55 
At June 30, 2026, unamortized stock compensation for service based restricted stock units was $108.0 million, with a remaining weighted-average recognition period of 2.5 years.
Performance Based Restricted Stock Units
The following table summarizes the Company’s performance based restricted stock unit activity during the six months ended June 30, 2026:
Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested at December 31, 2025233,604 $16.35 
Granted215,730 $24.94 
Vested(229,500)17.77 
Forfeited/canceled— — 
Unvested at June 30, 2026219,834 $23.30 
At June 30, 2026, unamortized stock compensation for performance based restricted stock units was $1.6 million, with a remaining weighted-average recognition period of 1.3 years.
Share-Based Compensation
The following table sets forth share-based compensation for continuing operations for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Research and development$6,873 $3,990 $12,431 $8,716 
Selling, general and administrative14,915 6,659 25,503 13,425 
Total share-based compensation$21,788 $10,649 $37,934 $22,141