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

8. Stock-based Compensation Expense

The following table summarizes stock-based compensation expense included in operating expenses (in thousands):

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of sales

 

$

23

 

 

$

36

 

 

$

49

 

 

$

82

 

Research and development

 

 

519

 

 

 

1,182

 

 

 

1,405

 

 

 

2,097

 

Selling, general and administrative

 

 

1,387

 

 

 

2,566

 

 

 

3,482

 

 

 

5,165

 

Total

 

$

1,929

 

 

$

3,784

 

 

$

4,936

 

 

$

7,344

 

 

Our 2022 Equity Incentive Plan, as amended (the “2022 Plan”), provides for the grant of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards and other stock-based awards. On May 21, 2026, our stockholders approved an increase of 3,000,000 shares to the number of shares of our common stock available for issuance under the 2022 Plan.

 

On May 21, 2026, our stockholders also approved an increase of 1,400,000 shares to the number of shares of our common stock available for issuance under our employee stock purchase plan.