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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Type of Award

The following table summarizes stock-based compensation expense during the three months ended March 31, 2025 and 2024 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

Time-based stock options

 

$

7,691

 

 

$

7,358

 

Employee stock purchase plan

 

 

149

 

 

 

161

 

Time-based restricted stock units

 

 

56

 

 

 

39

 

Performance-based restricted stock units

 

 

2,112

 

 

 

1,835

 

Total

 

$

10,008

 

 

$

9,393

 

Schedule of Stock Based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations and comprehensive loss (in thousands):

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

Research and development expenses

$

5,254

 

 

$

4,432

 

General and administrative expenses

 

4,754

 

 

 

4,961

 

Total

$

10,008

 

 

$

9,393