v3.26.1
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation
The Company recorded stock-based compensation expense in the following award type categories included within the condensed consolidated statements of operations and comprehensive loss:
Three Months Ended
June 30,		Six Months Ended
June 30,

2026202520262025
Stock options$1,339 $1,195 $2,615 $2,336 
Restricted stock units142 552 282 1,081 
Employee Stock Purchase Plan and Other30 30 61 60 

$1,511 $1,777 $2,958 $3,477 
The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations and comprehensive loss:
Three Months Ended
June 30,		Six Months Ended
June 30,

2026

202520262025
Research and development$621 

$810 $1,228 $1,591 
General and administrative890 

967 1,730 1,886 

$1,511 

$1,777 $2,958 $3,477 
Schedule of Stock Option Activity
The following table summarizes the stock option activity under the Company’s equity awards plans:

Options

Weighted
Average
Exercise
Price

Weighted
Average
Remaining
Life
(in Years)

Intrinsic
Value
(in thousands)
Outstanding December 31, 20259,649,805 $5.83 7.1$498 
Granted2,396,700 $2.48 
Exercised(127,707)$1.70 
Cancelled or forfeited(127,614)$3.00 
Outstanding June 30, 202611,791,184 $5.22 7.2$122 
Options vested or expected to vest at June 30, 202611,791,184 $5.22 7.2$122 
Options exercisable at June 30, 20267,066,337 $6.74 6.1$77 
Schedule of Restricted Stock Activity The following table summarizes time-based restricted stock activity since January 1, 2026:

Number of
shares
Weighted
average
grant date
fair value
Unvested restricted common stock as of December 31, 2025450,000 $2.52 
Vested(225,000)$2.52 
Unvested restricted common stock as of June 30, 2026225,000 $2.52