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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Equity Incentive Plans 2021 Equity Incentive Plan (the “2021 Plan”) Under the 2021 Plan, the Company may grant options, stock appreciation rights, restricted stock units (“RSUs”), restricted stock awards, other equity-based awards and incentive bonuses to employees, officers, non-employee directors and other service providers of the Company and its affiliates. The number of shares available for issuance under the 2021 Plan automatically increases on January 1 of each year from 2022 through 2031 by an amount equal to the lesser of: (i) 4,784,100 shares, (ii) 5% of the total number of shares of Class A common stock outstanding on the preceding December 31, or (iii) a smaller number of shares determined by the Company’s Board of Directors. 2021 Employee Stock Purchase Plan (the “2021 ESPP”) The number of shares available for issuance under the 2021 ESPP automatically increases on January 1 of each year from 2022 through 2041 in an amount equal to the lesser of: (i) 1,913,630 shares, (ii) 2% of the total number of shares of Class A common stock outstanding on the preceding December 31, or (iii) a smaller number of shares determined by the Company’s Board of Directors. 2024 New Employee Equity Incentive Plan (the “Inducement Plan”) On August 2, 2024, the Company adopted the Inducement Plan, pursuant to which the Company reserved 414,740 shares of its Class A common stock to be us ed exclusively for grants of equity-based awards to individuals who were not previously employees or directors of the Company. Reserved Shares for Future Issuance The Company had reserved shares of common stock for future issuance as follows:
| September 30, 2025 |  | December 31, 2024
2011 Equity Incentive Plan |  |  |
Options outstanding | 3,763,607 |  |  | 5,264,351 |
2021 Equity Incentive Plan |  |  |
Options outstanding | 1,020,232 |  |  | 1,114,620 |
Restricted stock units outstanding | 4,813,242 |  |  | 4,351,393 |
Shares available for future grants | 6,668,838 |  |  | 6,933,867 |
2021 Employee Stock Purchase Plan |  |  |
Shares available for future purchases | 1,721,779 |  |  | 965,766 |
2024 Inducement Plan |  |  |
Restricted stock units outstanding | 309,555 |  |  | 412,740 |
Shares available for future grants | 38,919 |  |  | 2,000 |
Total | 18,336,172 |  |  | 19,044,737 |
Share Repurchase Program In August 2025, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $10.0 million of its common stock through August 1, 2026. The program is intended to offset dilution resulting from stock-based compensation. Repurchases are to be funded from the proceeds of employee stock option exercises and employee contributions under the 2021 ESPP. Repurchases may be made from time to time in open market transactions, pursuant to Rule 10b5-1 trading plans, or through other means, in accordance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The timing, number of shares repurchased, and prices paid for the shares under this program will depend on general business and market conditions as well as corporate and regulatory limitations, prevailing stock prices, and other considerations. The share repurchase program may be suspended, modified, or discontinued at any time and does not obligate the Company to acquire any amount of common stock. During the nine months ended September 30, 2025, the Company repurchased a total of 142,069 shares of its common stock for $1.2 million. As of September 30, 2025, approximately $8.8 million remained available for repurchases under the program.

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