v3.26.1
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
The Company recorded employee and nonemployee share-based compensation expense as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Employee$1,692 $2,740 $3,106 $5,379 
Nonemployee152 197 287 379 
$1,844 $2,937 $3,393 $5,758 
Schedule of Share-Based Compensation Expense by Line Item
Share-based compensation expense is included in the following line items in the condensed statements of operations (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Research and development$450 $398 $832 $901 
General and administrative1,394 2,539 2,561 4,857 
$1,844 $2,937 $3,393 $5,758 
Summary of Activity of Option Plans
The following table summarizes activity in the Company’s stock option plans for the six months ended June 30, 2026:
Outstanding Option SharesWeighted-Average Exercise Price
Balance as of December 31, 2025168,993$165.54 
Granted—— 
Exercised—— 
Forfeited/canceled(21,382)270.63 
Balance as of June 30, 2026147,611$150.32 
Summary of Restricted Stock Unit Activity
The following table summarizes the Company’s RSU activity for the six months ended June 30, 2026:
RSU AwardsWeighted-Average Grant Date Fair Value
Unvested RSUs as of December 31, 20251,623,933$7.36 
Granted2,028,3457.02 
Forfeited(18,118)4.94 
Vested(720,490)8.40 
Unvested RSUs as of June 30, 20262,913,670$6.88