v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-based Awards Activity and RSU Activity

The following table provides a summary of stock-based awards activity for the six months ended June 30, 2026:

Stock Options:

 

Outstanding at December 31, 2025

 

 

13,243,462

 

Granted

 

 

90,000

 

Exercised

 

 

(1,052,340

)

Expired/cancelled/forfeited

 

 

(54,001

)

Outstanding at June 30, 2026

 

 

12,227,121

 

RSUs:

 

Outstanding at December 31, 2025

 

 

6,905,000

 

Granted

 

 

296,500

 

Vested

 

 

(127,500

)

Forfeited

 

 

(101,000

)

Outstanding at June 30, 2026

 

 

6,973,000

 

Stock-based Compensation Expense included in Accompanying Statements of Operations and Comprehensive Loss

Stock-based compensation expense is included in the following line items in the accompanying statements of operations and comprehensive loss for the three and six months ended June 30, 2026 and 2025 (in thousands):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

2,082

 

 

$

385

 

 

$

5,622

 

 

$

1,291

 

General and administrative

 

 

5,683

 

 

 

2,284

 

 

 

12,870

 

 

 

4,350

 

Total stock-based compensation

 

$

7,765

 

 

$

2,669

 

 

$

18,492

 

 

$

5,641