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Stock Incentive Plans and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Arrangement on Stock Option Activity

Stock option activity under our stock plans for the nine months ended September 30, 2025 is set forth below:

									Weighted-Average
			Stock Options Outstanding						Exercise Price						Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Balance as of December 31, 2024			2,989,763						$	36.23
Granted			—						$	—
Exercised			(20,995)						$	5.44
Forfeited/Cancelled			(88,499)						$	44.74
Balance as of September 30, 2025			2,880,269						$	36.19					4.8						$	8,933
Exercisable as of September 30, 2025			2,840,192						$	36.17					4.8						$	8,933

Schedule of Share-based Payment Arrangement on Restricted Stock Units

The following table summarizes our RSU activity for the nine months ended September 30, 2025:

			Restricted Stock Units Outstanding						Weighted-Average Grant Date Fair Value
Balance as of December 31, 2024			3,196,224						$	23.52
Granted			1,542,992						$	21.14
Vested(1)			(601,937)						$	23.50
Forfeited/Cancelled			(226,090)						$	23.44
Balance as of September 30, 2025			3,911,189						$	22.59

(1)The aggregate number of shares withheld upon vesting for employee tax obligations was 167,751 for the nine months ended September 30, 2025.

Schedule of Share-Based Payment Arrangement, Performance Shares, Activity

The following table summarizes our PSU activity for the nine months ended September 30, 2025:

			Performance-Based Restricted Stock Units Outstanding						Weighted-Average Grant Date Fair Value
Balance as of December 31, 2024			275,528						$	21.94
Granted			172,631						$	22.23
Vested			(98,015)						$	23.23
Forfeited/Cancelled			—						$	—
Balance as of September 30, 2025			350,144						$	21.72

(1)The aggregate number of shares withheld upon vesting for employee tax obligations was 35,426 for the nine months ended September 30, 2025.

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table sets forth the assumptions used to determine the fair value of stock options:

			Nine Months Ended September 30,
			2025						2024
Average expected term (years)			N/A						5.0
Expected stock price volatility			N/A						80.20% - 80.20%
Risk-free interest rate			N/A						4.39% - 4.39%
Dividend yield			N/A						—%

Schedule of Share-based Payment Award, ESPP, Valuation Assumptions

The following table sets forth assumptions used to determine the fair value of the purchase rights issued under the ESPP:

			Nine Months Ended September 30,
			2025						2024
Average expected term (years)			1.2						1.2
Expected stock price volatility			56.55% - 85.21%						59.85% - 130.95%
Risk-free interest rate			3.52% - 4.22%						3.82% - 5.33%
Dividend yield			—%						—%

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

Stock-based compensation expense is included in the condensed consolidated statements of operations as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Cost of sales (exclusive of amortization of acquired intangible assets)			$	1,446					$	1,464					$	4,324					$	4,179
Research and development			1,950						2,345						5,807						7,611
Selling, general and administrative			8,704						9,218						24,356						27,091
Total stock-based compensation expense			$	12,100					$	13,027					$	34,487					$	38,881

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