Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.24.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the nine months ended September 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 25,650,264 $ 5.49   
Vested (11,828,028) $ 6.33   
Forfeited (1,970,861) $ 6.07   
Balances—September 30, 2024
42,928,074 $ 5.90  $ 215,928 
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 September 30, Nine Months Ended September 30,
2024 2023 2024 2023
Research and development expenses $ 22,008  $ 21,455  $ 65,122  $ 54,657 
Selling, general and administrative expenses 5,385  5,812  17,658  15,090 
Total stock-based compensation expense $ 27,393  $ 27,267  $ 82,780  $ 69,747