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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity

A summary of RSU award activity during the six months ended June 30, 2026 is as follows (in thousands except share and per share data):

			Number of Units						Weighted Average Grant-Date Fair Value
Outstanding RSU awards as of December 31, 2025			716,850						$	12.37
Granted			216,365						14.69
Vested			(201,178)						11.70
Forfeited			(11,672)						13.33
Outstanding RSU awards as of June 30, 2026			720,365						$	13.23

Schedule of Option Activity

A summary of option activity during the six months ended June 30, 2026 is as follows (in thousands except share and per share data):

			NUMBER OF OPTIONS						WEIGHTED-AVERAGE EXERCISE PRICE
Outstanding as of December 31, 2025			3,901,706						$	38.52
Granted			870,503						15.21
Exercised			(82,304)						0.36
Cancelled or Forfeited			(75,625)						58.15
Expired			(154,144)						$	39.51
Outstanding as of June 30, 2026			4,460,136						$	34.30
Options exercisable as of June 30, 2026			3,127,451						$	36.62

Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense recorded for employees, directors and non-employees during the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

			THREE MONTHS ENDED JUNE 30,												SIX MONTHS ENDED JUNE 30,
			2026						2025						2026						2025
Research and development			$	2,480					$	4,973					$	4,767					$	10,238
General and administrative			2,897						3,569						6,809						7,167
Total stock-based compensation expense			$	5,377					$	8,542					$	11,576					$	17,405

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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.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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.

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