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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Compensation Related Costs [Abstract]  
Summary of the RSU activity

A summary of the Company's RSU activity for the three months ended March 31, 2026 is presented below:

 

 

RSUs

 

 

Weighted-Average Grant Date Fair Value

 

Unvested as of December 31, 2025

 

 

3,889

 

 

$

38.94

 

Granted

 

 

402

 

 

 

24.34

 

Vested

 

 

(13

)

 

 

45.00

 

Canceled / forfeited

 

 

(116

)

 

 

30.24

 

Unvested as of March 31, 2026

 

 

4,162

 

 

$

37.77

 

Summary of stock option activity

The following table summarizes the stock option activity during the three months ended March 31, 2026:

 

 

Number of Options Outstanding

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term

 

Balance, December 31, 2025

 

 

15,365

 

 

$

1.31

 

 

 

7.44

 

Options granted

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(791

)

 

 

1.30

 

 

 

 

Options canceled

 

 

(165

)

 

 

1.42

 

 

 

 

Balance, March 31 , 2026

 

 

14,409

 

 

$

1.32

 

 

 

7.09

 

Vested and exercisable

 

 

12,665

 

 

$

1.31

 

 

 

6.96

 

Unvested

 

 

1,744

 

 

$

1.36

 

 

 

8.03

 

Summary of stock-based compensation expense

Total stock-based compensation expense related to options and RSUs was allocated to research and development and general and administrative expense as follows:

 

 

For the Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Research and development

 

$

5,705

 

 

$

118

 

Selling, general and administrative

 

 

6,807

 

 

 

313

 

 

 

$

12,512

 

 

$

431