v3.26.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

The activity for the Company’s 2024 Plan, 2014 Plan, and 2015 Plan, for the nine months ended September 30, 2026, is summarized as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding — December 31, 2025

 

 

443,651

 

 

$

37.38

 

 

 

6.49

 

 

$

—

 

Granted

 

 

200,750

 

 

$

4.97

 

 

 

 

 

 

 

Forfeited/Cancelled

 

 

(4,708

)

 

$

311.19

 

 

 

 

 

 

 

Outstanding — September 30, 2026

 

 

639,693

 

 

$

25.20

 

 

 

7.01

 

 

$

39

 

Exercisable — September 30, 2026

 

 

345,375

 

 

$

40.68

 

 

 

5.10

 

 

$

—

 

Vested or expected to vest — September 30, 2026

 

 

639,693

 

 

$

25.20

 

 

 

7.01

 

 

$

39

 

Schedule of Restricted Stock Units ("RSU") Activity

Restricted stock unit (“RSU”) activity under the 2024 Plan, 2014 Plan, and 2015 Plan for the nine months ended September 30, 2026, is summarized as follows:

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Non-vested at December 31, 2025

 

 

332,974

 

 

$

11.66

 

Granted

 

 

301,497

 

 

$

5.78

 

Vested

 

 

(159,617

)

 

$

11.93

 

Expired/Cancelled

 

 

(25,000

)

 

$

13.92

 

Non-vested at September 30, 2026

 

 

449,854

 

 

$

7.50

 

Stock-Based Compensation Expense Related to Stock Options Stock-based compensation expense related to stock awards is included in the following line items in the accompanying unaudited condensed consolidated statements of operations (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

104

 

 

$

(8

)

 

$

295

 

 

$

409

 

Selling, general and administrative

 

 

458

 

 

 

534

 

 

 

1,415

 

 

 

1,756

 

Total stock-based compensation expense

 

$

562

 

 

$

526

 

 

$

1,710

 

 

$

2,165