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

The following table provides a summary of stock-based awards activity for the nine months ended September 30, 2026:

Stock Options:

 

Outstanding at December 31, 2025

 

 

13,243,462

 

Granted

 

 

274,500

 

Exercised

 

 

(1,058,590

)

Expired/cancelled/forfeited

 

 

(94,938

)

Outstanding at September 30, 2026

 

 

12,364,434

 

RSUs:

 

Outstanding at December 31, 2025

 

 

6,905,000

 

Granted

 

 

488,000

 

Vested

 

 

(332,500

)

Forfeited

 

 

(162,000

)

Outstanding at September 30, 2026

 

 

6,898,500

 

As of September 30, 2026
Stock-based Compensation Expense included in Accompanying Statements of Operations and Comprehensive Loss

Stock-based compensation expense is included in the following line items in the accompanying statements of operations and comprehensive loss for the three and nine months ended September 30, 2026 and 2025 (in thousands):

 

 

 

Three months ended
September 30,

 

 

Nine months ended
September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Research and development

 

$

2,255

 

 

$

1,107

 

 

$

7,877

 

 

$

2,398

 

General and administrative

 

 

5,572

 

 

 

2,318

 

 

 

18,442

 

 

 

6,668

 

Total stock-based compensation

 

$

7,827

 

 

$

3,425

 

 

$

26,319

 

 

$

9,066