In December 2025, the Company had a workforce reduction. The majority of the impacted employees had termination dates in December 2025, and certain employees exited in the first quarter of 2026. The Company notified all impacted employees in December 2025.

In accordance with ASC Topic 712, Nonretirement Postemployment Benefits, and ASC Topic 420, Exit or Disposal Costs, the Company recognized $6,314 of costs related to the workforce reduction during the year ended December 31, 2025. As of June 30, 2026, $6,250 of the costs were paid and the remaining $64 are included within accrued expenses in the Condensed Consolidated Balance Sheet.

The following table summarizes the accrued liability activity recorded in connection with the workforce reduction for the six months ended June 30, 2026:


Balance at December 31, 2025	$	5,478
Amounts paid during the three months ended March 31, 2026	(4,882)
Balance at March 31, 2026	$	596
Amounts paid during the three months ended June 30, 2026	(532)
Balance at June 30, 2026	$	64

The Company does not expect to incur any additional significant costs related to this workforce reduction. The remaining unpaid costs are expected to be disbursed by September 30, 2026.