v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Option Activity Under the 2010 Stock Plan
Option activity under the 2010 Stock Plan and 2024 Inducement Plan was as follows:
Shares Subject to
Outstanding Options
SharesWeighted Average
Exercise Price
Balance at December 31, 2024
12,777,974$83.45 
Options granted1,418,018$72.72 
Options exercised(2,585,198)$77.78 
Options cancelled(750,933)$82.58 
Balance at December 31, 2025
10,859,861$83.46 
Schedule of Stock Options Outstanding and Exercisable by Exercise Price Range
The following table summarizes information about stock options outstanding as of December 31, 2025 under the 2010 Stock Plan and 2024 Inducement Plan:
Options OutstandingOptions Exercisable
Range of Exercise Prices
Number
Outstanding
Weighted Average
Remaining
Contractual Life
(in years)
Weighted
Average
Exercise
Price
Number
Exercisable
Weighted
Average
Exercise
Price
$52.94 - $61.76
1,147,0547.3$60.83720,211$60.91
$62.03 - $68.62
1,477,0117.166.70642,21567.16
$68.70 - $72.27
1,275,1876.171.69786,36971.94
$72.66 - $77.67
1,112,6755.875.631,012,06175.54
$77.83 - $83.58
1,603,2415.182.251,540,40182.25
$83.83 - $90.56
1,456,6113.986.661,347,60186.78
$90.92 - $106.47
1,523,5523.5100.001,456,43199.91
$113.64 - $128.34
1,149,2281.2118.771,149,228118.77
$132.00 - $134.38
97,8601.2134.0297,860134.02
$138.52 - $138.52
17,4421.3138.5217,442138.52
10,859,8618,769,819
Schedule of RSU Award and PSU Activity
RSU and PSU award activity under the 2010 Stock Plan and 2024 Inducement Plan was as follows:
Shares Subject to
Outstanding Awards
SharesGrant Date Value
Balance at December 31, 20248,656,803$67.81 
RSUs granted 3,492,732 $69.24 
PSUs granted897,393 $59.00 
Additional PSUs earned32,148 $70.45 
RSUs released(2,860,640)$70.86 
PSUs released(255,805)$72.97 
RSUs cancelled (543,681)$67.19 
PSUs cancelled(143,500)$76.73 
Balance at December 31, 20259,275,450$66.86 
Schedule of Shares Available for Grant
The following table summarizes our shares available for grant under the 2010 Plan and 2024 Inducement Plan. Previously, each RSU and PSU grant reduced the available share pool by 2 shares. In June 2025, our stockholders approved an amendment to the 2010 Stock Plan to remove the fungible ratio, and all awards granted under the 2010 Stock Plan after June 10, 2025, the date of our latest annual meeting, will reduce the share reserve on a one-for-one basis. If awards granted under the 2010 Stock Plan on or prior to June 10, 2025 expire, become unexercisable or are forfeited or repurchased after that date, the shares that were subject to those awards will become available for future grant only on a one-for-one basis, even if the original award was a full value award that reduced the share reserve on a two-for-one basis. The 2024 Inducement Plan was amended in June 2025 to remove the provision that stated that any shares issued in connection with awards other than options and stock appreciation rights will be counted against the authorized share limitation as 2.0 shares for every one share so issued and, as a result, all awards granted under the 2024 Inducement Plan will reduce the share reserve thereunder on a one-for-one basis.
Shares Available
for Grant
Balance at December 31, 20244,013,611
Additional authorization - 2010 Stock Plan8,500,000 
Additional authorization - 2024 Inducement Plan1,000,000 
Options, RSUs and PSUs granted and issuance of shares for services rendered(6,335,986)
Options, RSUs and PSUs cancelled1,598,684 
Fungible ratio change adjustments282,731 
Balance at December 31, 20259,059,040