Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.25.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the three months ended March 31, 2025 is as follows (in thousands, except per share data):
Number of Shares Weighted-Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands)
Balances—December 31, 2024
40,388,740 $ 5.94  $ 328,360 
Granted 3,617,968 $ 7.51   
Vested (4,063,821) $ 6.03   
Forfeited (4,485,570) $ 6.24   
Balances—March 31, 2025
35,457,317 $ 6.05  $ 213,453 
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 March 31,
2025 2024
Research and development expenses $ 22,134  $ 20,670 
Selling, general and administrative expenses 4,885  6,347 
Total stock-based compensation expense $ 27,019  $ 27,017