| Summary of Warrants Activity |
The following summarizes warrant activity during the six months ended June 30, 2026 and 2025:
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Number of Common Warrants |
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Number of Pre-funded Warrants |
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|
Weighted-Average Exercise Price |
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Balances as of December 31, 2025 |
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6,877,622 |
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42,293,577 |
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Issued |
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— |
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— |
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$ |
— |
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Exercised |
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— |
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(12,527,778 |
) |
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$ |
0.001 |
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Expired |
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(6,877,622 |
) |
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— |
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$ |
5.807 |
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Balances as of June 30, 2026 |
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— |
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29,765,799 |
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Number of Common Warrants |
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Number of Pre-funded Warrants |
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Weighted-Average Exercise Price |
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Balances as of December 31, 2024 |
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8,104,615 |
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38,543,577 |
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Issued |
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— |
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— |
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$ |
— |
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Exercised |
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— |
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— |
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$ |
— |
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Balances as of June 30, 2025 |
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8,104,615 |
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38,543,577 |
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| Schedule of Common Stock Reserved for Future Issuance |
The Company reserved the following shares of common stock for issuance as follows:
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June 30,
2026 |
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December 31,
2025 |
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Stock options issued and outstanding |
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23,190,315 |
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18,645,325 |
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Stock options reserved for 2020 Incentive Award Plan |
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1,478,515 |
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1,184,877 |
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Unvested restricted stock units outstanding |
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2,388,473 |
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1,252,847 |
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Common stock reserved for 2024 ATM program |
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— |
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14,509,176 |
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Common stock reserved for 2026 ATM program |
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24,265,639 |
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— |
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Common stock reserved for Employee Stock Purchase Plan |
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4,104,593 |
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2,800,550 |
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Common stock reserved for 2022 Employment Inducement
Award Plan |
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2,843,740 |
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3,585,793 |
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Common stock reserved for pre-funded warrants |
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29,765,799 |
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42,293,577 |
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Common stock reserved for common warrants |
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— |
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6,877,622 |
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Total common stock reserved |
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88,037,074 |
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91,149,767 |
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