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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Stock-Based Compensation

Schedule of stock option activity and related information

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​		Number of Shares		Weighted - Average Exercise Price			Weighted-Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding - December 31, 2024	​	8,706,197	​	$	13.21	​	​	​	$	2,104
Granted	​	108,000	​	$	7.28	​	​	​	​	​
Exercised	​	(28,475)	​	$	3.48	​	​	​	$	136
Forfeited or cancelled	​	(115,153)	​	$	13.94	​	​	​	​	​
Outstanding - March 31, 2025	​	8,670,569	​	$	13.16	​	8.53	​	$	1,877
Options vested and exercisable as of March 31, 2025	​	1,434,494	​	$	7.93	​	5.62	​	$	1,708
Options vested and expected to vest as of March 31, 2025	​	8,670,569	​	$	13.16	​	8.53	​	$	1,877

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 condensed consolidated statement of operations as follows (in thousands):

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​	​	​	Three Months Ended March 31,
​	​	​	2025	​	​	2024
Research and development	​	$	1,581	​	$	411
General and administrative	​	​	3,805	​	​	536
Total stock-based compensation expense	​	$	5,386	​	$	947

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- References

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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-Name Accounting Standards Codification
-Section 50
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-Subparagraph (c)(1)
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
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