v3.26.1
Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense

The Company recognized stock-based compensation expense in the Condensed Consolidated Statements of Operations as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

273

 

 

$

157

 

 

$

498

 

 

$

288

 

General and administrative

 

 

542

 

 

 

639

 

 

 

1,039

 

 

 

1,071

 

Total stock-based compensation expense

 

$

815

 

 

$

796

 

 

$

1,537

 

 

$

1,359

 
Schedule of Restricted Stock Unit Activity

The following table shows a summary of all RSU activity for the six months ended June 30, 2026:

 

 

Number of
Underlying
Shares

 

Outstanding as of January 1, 2026

 

 

—

 

Granted

 

 

380,683

 

Cancelled

 

 

—

 

Vested

 

 

—

 

Outstanding as of June 30, 2026

 

 

380,683

 
Schedule of Option Activity for Share-Based Payment Arrangement

The following table shows a summary of all stock option activity for the six months ended June 30, 2026:

 

 

Number of
Underlying
Shares

 

 

Weighted-
Average
Exercise Price
Per Share

 

 

Weighted-
Average
Contractual
Life
Remaining
in Years

 

 

Aggregate
Intrinsic Value

 

Outstanding as of January 1, 2026

 

 

1,565,272

 

 

$

21.86

 

 

 

 

 

 

 

Granted

 

 

63,334

 

 

 

9.05

 

 

 

 

 

 

 

Forfeited

 

 

(90,535

)

 

 

22.22

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Expired

 

 

(890

)

 

 

710.10

 

 

 

 

 

 

 

Outstanding as of June 30, 2026

 

 

1,537,181

 

 

$

20.92

 

 

 

5.86

 

 

$

—

 

Exercisable as of June 30, 2026

 

 

1,347,599

 

 

$

22.01

 

 

 

5.40

 

 

$

—

 

Vested and expected to vest

 

 

1,537,181

 

 

$

20.92

 

 

 

5.86

 

 

$

—