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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Award Activity for the Period
The following table summarizes the activity related to the stock option awards for the six months ended June 30, 2026:
Number of Shares Weighted
Average Exercise Price
Aggregate Intrinsic Value (in thousands)
Awards outstanding at December 31, 20251,017,620 $25.18 
Granted564,719 36.52 
Forfeited or Expired(41,687)30.60 
Awards outstanding at June 30, 20261,540,652 $29.19 $17,857 
Options exercisable at June 30, 2026604,164 $29.28 $9,795 
Weighted average remaining contractual term7.1 Years
Options vested and expected to vest at June 30, 20261,275,464 $28.73 
Weighted average remaining contractual term8.1 Years
Schedule of Compensation Expense Related to Grants of Stock Options
Compensation expense related to the grants of stock options is included in research and development and general and administrative expense as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Research and development$533 $307 $977 $534 
General and administrative1,194 623 2,138 1,209 
Total share-based compensation expense$1,727 $930 $3,115 $1,743