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401(k) Savings Plan
6 Months Ended
Jun. 30, 2024
Retirement Benefits [Abstract]  
401(k) Savings Plan

13. 401(k) Savings Plan

The Company has a defined-contribution savings plan under Section 401(k) of the IRC (the “401(k) Plan”). The 401(k) Plan covers all employees who meet defined minimum age and service requirements and allows participants to defer a portion of their annual compensation, subject to statutory limitations. Beginning on April 1, 2022, the Company matches 100% of an employee’s 401(k) contributions up to a maximum of 3% of the participant’s salary, subject to employer match limitations under the IRC. As such, the Company made $0.3 million and $0.3 million of matching contributions to the 401(k) Plan during the six months ended June 30, 2024 and June 30, 2023, respectively.