v3.26.3
Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of The Stock Option Activity

The following table summarizes the stock option activity under the 2019 Plan and 2024 Plan for the nine months ended September 30, 2026:

 

 

 

Outstanding Options

 

 

Number of Shares Underlying Outstanding Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding as of January 1, 2026

 

 

1,951,417

 

 

$

19.55

 

 

 

 

 

 

 

Options granted

 

 

611,088

 

 

 

28.89

 

 

 

 

 

 

 

Options exercised

 

 

(50,371

)

 

 

12.22

 

 

 

 

 

$

1,053

 

Options forfeited and expired

 

 

(18,028

)

 

 

20.23

 

 

 

 

 

 

 

Outstanding as of September 30, 2026

 

 

2,494,106

 

 

$

21.98

 

 

 

8.0

 

 

$

15,553

 

Options vested and exercisable as of September 30, 2026

 

 

1,179,501

 

 

$

17.02

 

 

 

7.2

 

 

$

11,358

 

Options vested and expected to vest as of September 30, 2026

 

 

2,494,106

 

 

$

21.98

 

 

 

8.0

 

 

$

15,553

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Fair Values of the Options Granted

The following table summarizes the assumptions used for estimating the fair value of stock options granted under the BSM option-pricing model:

 

Nine Months Ended September 30,

 

2026

 

2025

Expected term in years

 

5.50 - 6.08

 

5.50 - 6.25

Expected volatility

 

96.5% - 102.9%

 

102.6% - 103.7%

Risk-free interest rate

 

3.77% - 4.61%

 

3.76% - 4.43%

Expected dividend yield

 

0%

 

0%

Summary of Restricted Stock Activity The following table summarizes the RSU activity for the nine months ended September 30, 2026:

 

 

 

Outstanding RSUs

 

 

Number of Shares Underlying Outstanding Units

 

 

Weighted-
Average
Grant Date Fair Value per Unit

 

Outstanding as of January 1, 2026

 

 

262,184

 

 

$

36.66

 

Restricted stock units granted

 

 

297,185

 

 

 

27.77

 

Restricted stock units vested

 

 

(80,497

)

 

 

37.41

 

Restricted stock units forfeited

 

 

(4,573

)

 

 

23.12

 

Outstanding as of September 30, 2026

 

 

474,299

 

 

$

31.09

 

 

 

 

 

 

 

 

Summary of The Unrecognized Compensation Expense and Weighted-average Remaining Period

The following table summarizes, by type of award, the unrecognized compensation expense and the weighted-average remaining period over which it is expected to be recognized at September 30, 2026:

 

 

Unamortized Expense

 

 

Weighted-Average Remaining Recognition Period (Years)

 

 Stock options

 

$

27,805

 

 

 

2.4

 

 RSUs

 

 

11,303

 

 

 

2.1