401(k) Savings Plan

12 Months Ended

Dec. 31, 2022

401(k) Savings Plan

401(k) Savings Plan

11. 401(k) Savings Plan

The Company has multiple defined contribution savings plans under Section 401(k) of the Internal Revenue Code. These plans cover substantially all domestic employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Company contributions to the plans may be made at the discretion of the Board. Prior to 2021, the Company had not made contributions to the plans. For the

years ended December 31, 2022 and 2021, the Company made $0.8 million and $0.6 million of contributions, respectively.