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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized
Stock-based compensation expense recognized for stock options, restricted stock units (RSUs), and our employee stock purchase program (ESPP) are recorded as operating expenses in our condensed statements of operations and comprehensive loss, as follows (in thousands):
Three Months Ended March 31,
20242023
Selling, general and administrative$5,646 $2,088 
Research and development1,970 824 
Total$7,616 $2,912 
Schedule of Total Unrecognized Stock-Based Compensation Expense, Net of Estimated Forfeitures
As of March 31, 2024, our total unrecognized stock-based compensation expense, net of estimated forfeitures, and average remaining vesting period, included the following (dollars in thousands):
Unrecognized Compensation ExpenseAverage Remaining Vesting Period (Years)
Stock option grants$59,367 3.1
RSU grants$49,955 3.3
ESPP$522 0.4
Schedule of Stock Option Activity
A summary of our stock option activity and related information for the three months ended March 31, 2024 is as follows (in thousands, except dollar amounts):
Number of SharesWeighted-Average
Exercise Price per
Share
Balance at December 31, 202322,168 $4.20 
Options granted6,502 $8.68 
Options exercised(702)$3.11 
Options forfeited or canceled(178)$2.83 
Balance at March 31, 202427,790 $5.29 
Exercisable at March 31, 202412,856 $5.29 
Schedule of Restricted Stock Units Activity
A summary of our RSUs activity and related information for the three months ended March 31, 2024 is as follows (in thousands, except dollar amounts):
Number of
RSUs
Weighted-Average
Grant Date Fair
Value Per Share
Non-vested restricted stock units at December 31, 20233,646 $3.09 
Granted4,901 $8.68 
Vested(552)$5.62 
Forfeited(60)$2.64 
Non-vested restricted stock units at March 31, 20247,935 $6.37