v3.26.1
Share-Based Compensation
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

9. Share-Based Compensation

The following table summarizes share-based compensation expense for all share-based compensation arrangements, in thousands:

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

$

3,238

 

 

$

2,714

 

 

$

6,453

 

 

$

6,041

 

Selling, general and administrative

 

4,971

 

 

 

4,235

 

 

 

10,172

 

 

 

8,750

 

Total share-based compensation expense

$

8,209

 

 

$

6,949

 

 

$

16,625

 

 

$

14,791

 

 

As of June 30, 2026, unrecognized estimated compensation expense related to stock options, RSUs and PSUs was approximately $48.7 million, $19.5 million, and $0.5 million, respectively, which is expected to be recognized over a weighted average period of approximately 2.7 years, 2.9 years, and 0.3 years, respectively. As of June 30, 2026, the vesting of PSUs covering 436,667 shares of common stock were determined to not be probable and have not been included in share-based compensation expense or unrecognized estimated compensation expense.