v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Stock-Based Compensation  
Schedule of stock option activity and related information

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Number of Shares

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Weighted - Average Exercise Price

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Weighted-Average Remaining Contractual Term (in years)

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Aggregate Intrinsic Value
(in thousands)

Outstanding - December 31, 2025

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10,675,615

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$

13.46

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8.60

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$

243,979

Granted

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2,426,150

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$

19.97

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Exercised

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(712,572)

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$

12.74

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$

12,778

Forfeited or cancelled

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(721,713)

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$

14.73

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Outstanding - September 30, 2026

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11,667,480

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$

14.78

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8.12

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$

144,554

Options vested and exercisable as of September 30, 2026

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4,840,264

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$

12.41

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7.34

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$

70,464

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

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11,667,480

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$

14.78

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8.12

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$

144,554

Summary of company's RSU activity

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Number of Shares

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Weighted - Average Grant Date Fair Value

Unvested as of December 31, 2025

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599,675

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$

14.23

Granted

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1,037,050

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$

21.55

Vested

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(124,496)

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$

12.16

Forfeited

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(161,470)

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$

14.97

Unvested as of September 30, 2026

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1,350,759

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$

19.95

Schedule of stock-based compensation expense as reflected in consolidated statements of operations

The Company recognized stock-based compensation expense related to the issuance of equity awards to employees and directors in the unaudited condensed consolidated statement of operations as follows (in thousands):

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Three Months Ended September 30,

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Nine Months Ended September 30,

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2026

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2025

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2026

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2025

Research and development

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$

4,268

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$

2,403

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$

11,225

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$

6,097

General and administrative

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13,008

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4,933

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23,865

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12,670

Total stock-based compensation expense

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$

17,276

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$

7,336

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$

35,090

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$

18,767