v3.26.1
Stock-based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

The activity for the Company’s 2024 Plan, 2014 Plan, and 2015 Plan, for the three months ended March 31, 2026, is summarized as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding — December 31, 2025

 

 

3,549,612

 

 

$

4.67

 

 

 

6.49

 

 

$

—

 

Forfeited/Cancelled

 

 

(30,204

)

 

$

40.49

 

 

 

 

 

 

 

Outstanding — March 31, 2026

 

 

3,519,408

 

 

$

4.37

 

 

 

6.30

 

 

$

25

 

Exercisable — March 31, 2026

 

 

2,390,407

 

 

$

5.78

 

 

 

5.31

 

 

$

—

 

Vested or expected to vest — March 31, 2026

 

 

3,519,408

 

 

$

4.37

 

 

 

6.30

 

 

$

25

 
Schedule of Restricted Stock Units ("RSU") Activity

Restricted stock unit (“RSU”) activity under the 2024 Plan, 2014 Plan, and 2015 Plan for the three months ended March 31, 2026, is summarized as follows:

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Non-vested at December 31, 2025

 

 

2,663,923

 

 

$

1.46

 

Granted

 

 

2,190,998

 

 

$

0.74

 

Vested

 

 

(1,122,322

)

 

$

1.56

 

Non-vested at March 31, 2026

 

 

3,732,599

 

 

$

1.00

 
Stock-Based Compensation Expense Related to Stock Options Stock-based compensation expense related to stock awards is included in the following line items in the accompanying unaudited condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Research and development

 

$

95

 

 

$

215

 

Selling, general and administrative

 

 

485

 

 

 

604

 

Total stock-based compensation expense

 

$

580

 

 

$

819