v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of Restricted Stock Units with Service Condition and Performance Stock Unit Activities

Restricted stock units with service conditions only (“RSU”) and PSU activities under the Plans are as follows:

 

 

RSUs Outstanding

 

 

PSUs Outstanding

 

 

 

Number of
Units
(in thousands)

 

 

Weighted
Average Grant
Date Fair Value

 

 

Number of
Units
(in thousands)

 

 

Weighted
Average Grant
Date Fair Value

 

Balance as of December 31, 2025

 

 

28,957

 

 

$

5.17

 

 

 

7,376

 

 

$

4.75

 

Granted

 

 

825

 

 

 

9.24

 

 

 

2,349

 

 

 

7.03

 

Vested

 

 

(2,900

)

 

 

6.55

 

 

 

(4,299

)

 

 

6.18

 

Forfeited

 

 

(364

)

 

 

5.93

 

 

 

 

 

 

 

Balance as of March 31, 2026

 

 

26,518

 

 

$

5.14

 

 

 

5,426

 

 

$

4.60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Stock-based Compensation Expense

Total stock-based compensation expense recognized in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss for all awards is as follows (amounts in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Research and development

 

$

19,595

 

 

$

25,738

 

General and administrative

 

 

10,914

 

 

 

14,901

 

Total stock-based compensation expense

 

$

30,509

 

 

$

40,639