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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Options by Plan
As of March 31, 2026, the Company had the following balances by plan:
Options
Outstanding
Unvested
Restricted Stock Awards
Unvested
Restricted Stock Units
Shares Available
for Grant
2023 Plan6,841,701 — 568,040 2,866,922 
2025 Inducement Plan
325,344 — 134,908 539,748 
2020 Plan253,647 64,714 — — 
Total7,420,692 64,714 702,948 3,406,670 
Schedule of Stock-Based Compensation Reported in Statement of Operations
Total stock-based compensation expense recognized was allocated as follows (in thousands):
Three Months Ended
March 31,
20262025
Research and development$2,476 $1,628 
General and administrative4,072 2,017 
Total
$6,548 $3,645