The Company’s corporate headquarters are located in Emeryville, California and its research facilities are located in Emeryville and Dixon, California, Durham, North Carolina and Tucson, Arizona. It leases approximately 70,000 square feet of space under leases expiring from 2026 to 2032.

The below tables provide supplemental cash flow and other information related to operating leases (in thousands, except for lease term and discount rate):


	Six Months Ended June 30,
	2026		2025
Cash paid for amounts included in the measurement of lease liabilities:	$	1,934	$	1,872
Right-of-use assets obtained in exchange for lease obligations:	$	84	$	—


	As of June 30,
	2026		2025
Weighted average remaining lease term (in years)	5.4		6.4
Weighted average discount rate	4.4	%	4.3	%

In addition to base rent, certain of the Company’s operating leases require variable payments. These variable lease costs include amounts relating to common area maintenance and are expensed when the obligation for those payments is incurred and are recognized as operating expenses in the condensed consolidated statements of operations. The following table summarizes the components of operating lease expense for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2026		2025		2026		2025
Operating lease cost	$	801	$	799	$	1,599	$	1,598
Variable lease cost	369		429		682		679
Total lease costs	$	1,170	$	1,228	$	2,281	$	2,277


Dates	Operating Leases
Remaining six months ending December 31, 2026	$	1,974
2027	4,038
2028	4,107
2029	3,307
2030	3,235
Thereafter	4,756
Total lease payments	21,417
Less imputed interest	(2,504)
Present value of lease liabilities	$	18,913

From time to time, the Company has been and may be involved in various legal proceedings arising in its ordinary course of business. In the opinion of management, resolution of any pending claims (either individually or in the aggregate) is not expected to have a material adverse impact on the condensed consolidated financial statements, cash flows or financial position and it is not possible to provide an estimated amount of any such loss. However, the outcome of disputes is inherently uncertain. Therefore, although management considers the likelihood of such an outcome to be remote, an unfavorable

resolution of one or more matters could materially affect future results of operations or cash flows, or both, in a particular period.