| Schedule of Stock-Based Compensation Expense and Stock Option Activity |
The Company recorded the following stock-based compensation expense: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Incentive Plan | $ | 13,123 | | $ | 19,377 | | $ | 27,624 | | $ | 38,609 | | Inducement Plan | 1,434 | | 1,741 | | 2,801 | | 3,673 | | ESPP | 135 | | 186 | | 294 | | 390 | | Total stock-based compensation expense | $ | 14,692 | | $ | 21,304 | | $ | 30,719 | | | $ | 42,672 | |
The following table summarizes stock option activity under the Incentive Plan: | | | | | | | | | | | | | | | | | | | | | | | | | Shares
(in thousands) | | Weighted Average Exercise Price per Share | | Weighted Average Remaining Contractual Term
(in years) | | Aggregate Intrinsic Value
(in thousands) | | Outstanding at December 31, 2025 | 38,664 | | | $ | 7.83 | | | | | | | Granted | 776 | | | 8.99 | | | | | | | Exercised | (3,294) | | | 5.83 | | | | | $ | 10,349 | | | Cancelled or Forfeited | (2,691) | | | 10.16 | | | | | | | Outstanding at June 30, 2026 | 33,455 | | | $ | 7.87 | | | 5.96 | | $ | 80,236 | | | Exercisable at June 30, 2026 | 21,351 | | | $ | 8.06 | | | 4.77 | | $ | 49,742 | |
The following table summarizes stock option activity under the Inducement Plan: | | | | | | | | | | | | | | | | | | | | | | | | | Shares
(in thousands) | | Weighted Average Exercise Price per Share | | Weighted Average Remaining Contractual Term
(in years) | | Aggregate Intrinsic Value
(in thousands) | | Outstanding at December 31, 2025 | 4,680 | | | $ | 8.33 | | | | | | | Granted | 319 | | | 7.13 | | | | | | | Exercised | (1,027) | | | 5.23 | | | | | $ | 3,840 | | | Cancelled or Forfeited | (511) | | | 12.78 | | | | | | | Outstanding at June 30, 2026 | 3,461 | | | $ | 8.49 | | | 5.78 | | $ | 9,669 | | | Exercisable at June 30, 2026 | 2,294 | | | $ | 8.73 | | | 5.07 | | $ | 6,864 | |
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| Schedule of Reconciliation Recurring Basis Fair Value Measurements |
The following is a reconciliation of the beginning and ending balances of recurring fair value measurements recognized in the Condensed Consolidated Balance Sheets using Level 3 inputs: | | | | | | | Balance at December 31, 2025 | $ | 13,743 | | | Remeasurement of share-based liability | 3,444 | | | Options exercised | (971) | | | Balance at March 31, 2026 | $ | 16,216 | | | Remeasurement of share-based liability | 567 | | | Options exercised | (423) | | | Balance at June 30, 2026 | $ | 16,360 | |
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| Schedule of Restricted Stock Unit Activity |
The following table summarizes restricted stock unit activity under the Incentive Plan: | | | | | | | | | | | | | Shares
(in thousands) | | Weighted Average Grant Date Fair Value | | Unvested at December 31, 2025 | 11,141 | | | $ | 7.40 | | | Granted | 530 | | | 8.29 | | | Vested | (270) | | | 9.56 | | | Forfeited | (530) | | | 7.18 | | | Unvested at June 30, 2026 | 10,871 | | | $ | 7.40 | |
The following table summarizes restricted stock unit activity under the Inducement Plan: | | | | | | | | | | | | | Shares
(in thousands) | | Weighted Average Grant Date Fair Value | | Unvested at December 31, 2025 | 1,025 | | | $ | 8.17 | | | Granted | 719 | | | 7.75 | | | Vested | (125) | | | 9.30 | | | Forfeited | (87) | | | 7.57 | | | Unvested at June 30, 2026 | 1,532 | | | $ | 7.91 | |
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