v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense for stock options, RSUs and PSUs is reflected in the unaudited condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three months ended September 30,Nine months ended September 30,
2026202520262025
General and administrative$1,137 $1,209 $4,671 $3,412 
Research and development818 767 2,515 2,293 
Total$1,955 $1,976 $7,186 $5,705 
Schedule of Stock Option Activity
The following table summarizes the Company's stock option activity:
Number of SharesWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (Years)Aggregate Intrinsic Value (In Thousands)
Options outstanding at December 31, 2025
24,561,750 $1.58 7.6$7,505 
Granted10,288,285 1.39 4 
Exercised(1,405,236)0.92 913 
Forfeited(3,570,713)1.56 1,162 
Expired(9,382)2.94 — 
Options outstanding at September 30, 2026
29,864,704 $1.55 7.5$2,409 
Vested and expected to vest at September 30, 2026
29,864,704 $1.55 7.5$2,409 
Options exercisable at September 30, 2026
14,828,230 $1.87 6.0$1,715 
Schedule of RSU Activity
The following table summarizes the Company's unvested RSU activity:
Number of SharesWeighted Average Grant Date Fair Value
RSUs unvested at December 31, 2025
851,652 $1.13 
Granted3,287,465 1.38 
Vested(764,589)1.21 
Forfeited(740,286)1.37 
RSUs unvested at September 30, 2026
2,634,242 $1.35 
Schedule of PSU Activity
The following table summarizes the unvested PSU activity:
Number of SharesWeighted Average Grant-Date Fair Value
PSUs unvested at December 31, 20254,186,797 $1.61 
Granted9,369,604 $0.23 
Vested— $— 
Forfeited(1,717,762)$1.74 
PSUs unvested at September 30, 202611,838,639 $1.51