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Equity Incentive Awards (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

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

The following weighted-average

assumptions were used for stock options granted in the nine months ended September 30, 2024 and 2023:

						Expected Volatility						Risk-free Interest Rate						Expected Term						Dividend Rate
September 30, 2024
Employees						96		%				4.4		%				4						—		%
Officers and non-employee directors						104		%				4.2		%				6						—		%
September 30, 2023
Employees						93		%				3.9		%				4						—		%
Officers and non-employee directors						100		%				3.9		%				6						—		%

Share-based Payment Arrangement, Option, Activity

The following is a summary of stock option activity under Lexicon’s stock-based compensation plans for the nine months ended September 30, 2024:

						Stock Options						Weighted Average Exercise Price
						(in thousands)
Outstanding at December 31, 2023						18,705						$	3.93
Granted						6,998						1.96
Exercised						(51)						1.72
Expired						(296)						11.79
Forfeited						(4,163)						2.56
Outstanding at September 30, 2024						21,193						3.44
Exercisable at September 30, 2024						10,968						$	4.63

Schedule of Nonvested Restricted Stock Units Activity

The following is a summary of restricted stock unit activity under Lexicon’s stock-based compensation plans for the nine months ended September 30, 2024:

						RSU’s						Weighted Average Grant Date Fair Value
						(in thousands)
Outstanding at December 31, 2023						5,015						$	2.78
Granted						8,527						2.14
Vested						(1,970)						3.10
Forfeited						(3,010)						2.25
Outstanding at September 30, 2024						8,562						$	2.25

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
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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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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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