v3.26.1
Common and Treasury Stock
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Common and Treasury Stock
11. Common and Treasury Stock
Common Stock
The Company has the following potentially outstanding common stock reserved for issuance:
As of June 30,As of December 31,
20262025
Issuances under stock incentive plan, stock options3,463,900 4,108,029 
Issuances upon vesting of restricted stock units5,239,355 4,294,367 
Shares reserved for shares available to be granted but not granted yet17,050,737 15,118,992 
25,753,992 23,521,388 
Treasury Stock
In May 2026, the Company’s Board of Directors authorized a share repurchase program allowing the deployment of up to $225.0 million to repurchase the Company’s outstanding common stock (the “Repurchase Program”). The Repurchase Program has no expiration date, does not obligate the Company to acquire a specific number of shares, and may be modified, suspended, or discontinued at any time. Repurchases may be made from time to time in the open market, in privately negotiated transactions, in block trades, and/or through Rule 10b5-1 trading plans and Rule 10b-18 transactions, depending on market conditions and applicable rules and regulations. The Company accounts for treasury stock under the cost method.
During the three and six months ended June 30, 2026, the Company repurchased 314,762 shares of common stock for an aggregate purchase price of $13.2 million, and an average price of $42.02 per share, including commissions. As of June 30, 2026, $211.8 million remained