v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Transactions Related to Stock Options Awarded to Employees and Directors

Transactions related to stock options awarded to employees and directors during the six months ended June 30, 2026 were as follows:

 

 

 

Shares

 

 

Weighted
average
exercise
price

 

 

Weighted
average
remaining
contractual
life (years)

 

 

Aggregate
intrinsic
value

 

Options outstanding at December 31, 2025

 

 

903,096

 

 

$

11.99

 

 

 

9.62

 

 

$

893

 

Granted

 

 

169,300

 

 

 

11.00

 

 

 

9.95

 

 

 

 

Exercised

 

 

(23,723

)

 

 

1.65

 

 

 

 

 

 

39

 

Forfeited

 

 

(266

)

 

 

 

 

 

 

 

 

238

 

Options outstanding at June 30, 2026

 

 

1,048,407

 

 

$

11.98

 

 

 

9.31

 

 

$

8,136

 

Options exercisable at June 30, 2026

 

 

1,048,407

 

 

$

11.98

 

 

 

9.31

 

 

$

8,136

 

Summary of Allocated Stock-based Compensation Expense Total stock-based compensation expense related to all of the Company’s stock-based awards was recognized as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Research and development

 

$

34

 

 

$

13

 

 

$

50

 

 

$

28

 

 

General and administrative

 

 

61

 

 

 

3

 

 

 

91

 

 

 

8

 

 

Total stock-based compensation expense

 

$

95

 

 

$

16

 

 

$

141

 

 

$

36

 

 

Restricted Stock Units [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Activity Related to Restricted Stock Units Awarded to Employees

Activity related to restricted stock units awarded to employees during the six months ended June 30, 2026 was as follows:

 

 

Shares

 

 

Weighted
average
grant date
fair value
per share

 

Unvested at December 31, 2025

 

 

4,316

 

 

$

0.0011

 

Granted

 

 

 

 

 

 

Vested

 

 

(2,249

)

 

 

0.0011

 

Forfeited

 

 

 

 

 

 

Unvested at June 30, 2026

 

 

2,067

 

 

$

0.0011

 

Restricted Stock Awards [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Activity Related to Restricted Stock Units Awarded to Employees

Activity related to restricted stock awards awarded to employees during the six months ended June 30, 2026 was as follows:

 

 

 

Shares

 

 

Weighted
average
grant date
fair value
per share

 

Unvested at December 31, 2025

 

 

15,683

 

 

$

0.0011

 

Granted

 

 

 

 

 

 

Vested

 

 

(2,616

)

 

 

0.0011

 

Repurchased

 

 

 

 

 

 

Unvested at June 30, 2026

 

 

13,067

 

 

$

0.0011