Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the six months ended June 30, 2024 is as follows (in thousands, except per share data):
Number of Units Weighted-Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands)
Balances—December 31, 2023
 31,076,699 $ 6.41  $ 206,660 
Granted 23,521,204 $ 5.51   
Vested (9,634,661) $ 6.32   
Forfeited (1,100,025) $ 5.86   
Balances—June 30, 2024
 43,863,217 $ 5.96  $ 223,702 
Summary of Stock-Based Compensation Expense
The following sets forth the total stock-based compensation expense for the Company’s stock awards included in the Company’s condensed consolidated statements of operations (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2024 2023 2024 2023
Research and development expenses $ 22,444  $ 20,158  $ 43,114  $ 33,202 
Selling, general and administrative expenses 5,926  5,064  12,273  9,278 
Total stock-based compensation expense $ 28,370  $ 25,222  $ 55,387  $ 42,480