COMMON STOCK AND EQUITY INCENTIVE PLAN (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Summary of the fair value of each time and milestone-based award given the following assumptions

The fair value of each time-based award is estimated on the date of grant using the Black-Scholes option pricing

model with the following assumptions for the years ended December 31, 2025 and 2024:


	2025	2024
Expected dividend yield ............................................................................................	0%	0%
Expected volatility .....................................................................................................	55%	52%
Risk-free interest rate .................................................................................................	4%	4%
Expected term (years) ................................................................................................	6	6

The fair value of each milestone-based award was estimated on the date of grant using Monte Carlo simulations

with the following assumptions:


Expected dividend yield (1) (2) ................................................................................................................	0%
Expected volatility (1) (2) .........................................................................................................................	55%
Risk-free interest rate (1) ........................................................................................................................	4%
Risk-free interest rate (2) ........................................................................................................................	4%
Expected term (years) (1) .......................................................................................................................	2
Expected term (years) (2) .......................................................................................................................	9

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Notes:

(1)These assumptions related to milestone-based awards granted in 2021 and modified in 2022.

(2)These assumptions related to milestone-based awards granted in 2022.

A summary of the option activity under the 2016 Plan is as follows:


		Weighted
	Options	Average
	Outstanding	Exercise Price
Options outstanding, January 1, 2023 .......................................................................	18,652,610	3.77
Exercisable options, January 1, 2023 ........................................................................	8,019,419	2.87
Granted ..................................................................................................................	1,397,090	6.37
Exercised ...............................................................................................................	(1,100,864)	1.56
Forfeited ................................................................................................................	(502,583)	5.43
Expired ..................................................................................................................	(128,507)	3.93
Options outstanding, December 31, 2023 .................................................................	18,317,746	4.06
Exercisable options, December 31, 2023 ..................................................................	8,173,670	3.30
Granted ..................................................................................................................	927,887	8.37
Exercised ...............................................................................................................	(841,202)	3.27
Forfeited ................................................................................................................	(1,200,973)	5.69
Expired ..................................................................................................................	(6,978,876)	4.23
Options outstanding, December 31, 2024 .................................................................	10,224,582	4.21
Exercisable options, December 31, 2024 ..................................................................	8,405,911	3.63
Granted ..................................................................................................................	843,161	10.66
Exercised ...............................................................................................................	(521,699)	4.62
Forfeited ................................................................................................................	(180,548)	7.74
Expired ..................................................................................................................	(77,746)	5.59
Options outstanding, December 31, 2025 .................................................................	10,287,750	4.64
Exercisable options, December 31, 2025 ..................................................................	8,788,045	3.95

Summary of option activity