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Stock-Based Compensation
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
In May of 2023, the Company’s stockholders approved the 2023 Stock Incentive Plan (the “2023 Plan”). The 2023 Plan authorizes the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), performance share units and incentive bonuses to employees, officers, non-employee directors and other service providers, as applicable. As of September 30, 2025, approximately 3.1 million share-based awards were available to be granted under the 2023 Plan. In July of 2024, the Company’s Board of Directors adopted the 2024 Inducement Plan (the “Inducement Plan”). The Inducement Plan provides for the potential grant of options, stock appreciation rights, restricted stock and restricted stock units, any of which may be performance-based, and for incentive bonuses for certain newly hired employees. As of September 30, 2025, 266,351 share-based awards were available to be granted under the Inducement Plan.
The following table shows total stock-based compensation expense (in thousands):
Fiscal Quarter EndedThree Fiscal Quarters Ended
September 30,
2025
October 1,
2024
September 30,
2025
October 1,
2024
Stock-based compensation expense $1,133 $811 $2,651 $3,345 
Capitalized stock-based compensation expense$— $10 $18 $43