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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the Company’s option activity and related information:
Number of
Options
(in thousands)
Weighted-
Average
Exercise Price
Balance at December 31, 20243,909 $29.39 
Options granted960 4.20 
Options forfeited(15)109.83 
Balance at March 31, 20254,854 24.15 
Exercisable as of March 31, 20251,720 53.13 
Schedule of Restricted Stock Units Activity
The following table summarizes the Company’s RSUs activity and related information:
Number of RSUs
(in thousands)
Weighted-
Average Grant-
Date Fair Value
Outstanding at December 31, 2024259 $16.00 
Granted269 4.20 
Vested and released(43)23.63 
Forfeited(1)6.73 
Outstanding at March 31, 2025484 8.81 
Schedule of Stock-Based Compensation Expense
The following table presents, by operating expense, the Company’s stock-based compensation expense:
Three Months Ended
March 31,
20252024
(In thousands)
Research and development$1,211 $1,120 
General and administrative1,567 3,046 
Total stock-based compensation expense$2,778 $4,166