v3.26.1
Equity Incentive Awards (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following weighted-average assumptions were used for stock options granted in the six months ended June 30, 2026 and 2025:
Expected VolatilityRisk-free Interest RateExpected TermDividend
Rate
Six Months Ended June 30, 2026
Employees106 %4.0 %4— %
Officers and non-employee directors104 %3.8 %6— %
Six Months Ended June 30, 2025
Employees105 %3.9 %4— %
Officers and non-employee directors115 %4.3 %6— %
Share-based Payment Arrangement, Option, Activity
The following is a summary of stock option activity under Lexicon’s stock-based compensation plans:
Stock OptionsWeighted Average Exercise Price
(in thousands)
Outstanding at December 31, 202520,738 $1.96 
Granted5,455 1.41 
Exercised(209)1.41 
Expired(198)8.66 
Forfeited(305)1.63 
Outstanding at June 30, 202625,481 1.80 
Exercisable at June 30, 202611,379 $2.59 
Schedule of Nonvested Restricted Stock Units Activity
The following is a summary of restricted stock unit activity under Lexicon’s stock-based compensation plans:
RSU’sWeighted Average Grant Date
Fair Value
(in thousands)
Outstanding at December 31, 202515,469 $0.96 
Granted6,738 1.38 
Vested(6,284)1.10 
Forfeited(418)0.89 
Outstanding at June 30, 202615,505 $1.09