v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Aug. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
Option activity under the Stock Plans and the 2024 Inducement Plan is set forth below:
Number of
options
outstanding
Weighted-
average
exercise
price
Balances as of November 30, 202511,372,272$15.76 
Options granted2,562,20717.28 
Options exercised(447,896)9.96 
Options forfeited(566,772)18.97 
Balances as of August 31, 202612,919,811$16.12 
Schedule of RSU Activity
RSU activity under the Stock Plans and 2024 Inducement Plan is set forth below:
Number of RSUsWeighted-average grant date fair value
Balances as of November 30, 20252,245,837$14.02 
RSUs granted1,879,72717.19 
RSUs vested(967,037)13.56 
RSUs forfeited(393,068)16.30 
Balances as of August 31, 20262,765,459$16.01 
Schedule of Stock-Based Compensation Expense Related to Stock Options
Stock-based compensation expense related to the Stock Plans, the 2024 Inducement Plan and the ESPP that is included in the Company’s condensed statements of operations is as follows (in thousands):
Three Months Ended,
August 31,
Nine Months Ended
August 31,
2026202520262025
Research and development$6,095 $5,519 $18,301 $16,508 
General and administrative4,682 4,253 13,268 12,371 
Total stock-based compensation$10,777 $9,772 $31,569 $28,879