v3.26.1
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity The following table summarizes RSU activity during the six months ended June 30, 2026:

 

 

Shares

 

 

Weighted-Average
Grant-Date
Fair Value

 

 RSUs outstanding at December 31, 2024

 

 

69,827

 

 

$

5.65

 

 Granted

 

 

266,849

 

 

$

3.72

 

 Forfeited

 

 

(49,288

)

 

$

3.25

 

 Vested

 

 

(24,039

)

 

$

5.57

 

RSUs outstanding at December 31, 2025

 

 

263,349

 

 

$

3.88

 

Granted

 

 

282,893

 

 

$

1.91

 

Forfeited

 

 

(12,712

)

 

$

2.91

 

Vested

 

 

(82,419

)

 

$

3.08

 

RSUs outstanding at June 30, 2026

 

 

451,111

 

 

$

2.82

 

Summary of Stock Option Activity The following table summarizes stock option activity during the six months ended June 30, 2026:

 

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term
(Years)

 

 Options outstanding at December 31, 2024

 

 

10,310,571

 

 

$

4.95

 

 

 

8.4

 

 Granted

 

 

4,593,177

 

 

$

3.94

 

 

 

 

 Exercised

 

 

(64,040

)

 

$

3.53

 

 

 

 

 Forfeited

 

 

(2,557,612

)

 

$

4.58

 

 

 

 

Options outstanding at December 31, 2025

 

 

12,282,096

 

 

$

4.66

 

 

 

7.9

 

 Granted

 

 

2,678,103

 

 

$

1.94

 

 

 

 

 Forfeited

 

 

(4,435,183

)

 

$

4.48

 

 

 

 

 Options outstanding at June 30, 2026

 

 

10,525,016

 

 

$

4.04

 

 

 

7.6

 

Options exercisable at June 30, 2026

 

 

5,503,456

 

 

$

4.64

 

 

 

6.2

 

Summary of Weighted-Average Assumptions used to Estimate Fair Value of Stock Options Granted

The weighted-average assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2026 were as follows:

 

 

June 30,

 

 

 

2026

 

Expected term (in years)

 

 

5.9

 

Volatility

 

 

66.2

%

Risk-free rate

 

 

4.1

%

Dividend yield

 

 

0.0

%