Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the three months ended March 31, 2026 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, 2025
43,604,550 $ 8.14  $ 575,580 
Granted 10,259,572 $ 9.55   
Vested (5,003,139) $ 7.26   
Forfeited (1,319,506) $ 12.82   
Balances—March 31, 2026
47,541,477 $ 8.41  $ 392,693 
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,
2026 2025
Research and development expenses $ 30,972  $ 22,134 
Selling, general and administrative expenses 13,073  4,885 
Total stock-based compensation expense $ 44,045  $ 27,019