The Company has operating leases for office spaces in various global locations, including its headquarters in Foster City, California, the lease for which was entered into in January 2024 with an initial lease term of approximately five years (the “Initial Lease”). In January 2026, the Company amended the Initial Lease (the “Amended Agreement”) to expand its headquarters by approximately 19,400 square feet (the “Expanded Space”) with a lease term of approximately five years from the commencement date. The Amended Agreement also extends the lease term of the Initial Lease to be coterminous with the Expanded Space. The extension of the lease term of the Initial Lease resulted in the addition of $3.4 million of right-of-use assets and lease liabilities during the six months ended June 30, 2026. The addition of the Expanded Space will result in approximately $5.8 million of incremental base rent payments over the lease term at the time of lease commencement.

The following tables contain a summary of other information and the undiscounted future minimum payments pertaining to the Company’s operating leases that had commenced as of the end of the periods presented:


	Undiscounted Rent Payments
	as of June 30, 2026
	(in thousands)
2026 (remaining six months)	$	1,557
2027	3,442
2028	2,875
2029	2,943
2030	2,719
Thereafter	1,821
Total undiscounted lease payments	15,357
Less: imputed interest	(2,487)
Total lease liability	$	12,870

Rent expense was $0.8 million and $1.6 million for the three and six months ended June 30, 2026, respectively, and $0.6 million and $1.2 million for the three and six months ended June 30, 2025, respectively. Variable lease payments for operating expenses for the three and six months ended June 30, 2026 and June 30, 2025 were not material.