XML 104 R68.htm IDEA: XBRL DOCUMENT v3.25.4
Stock-based Compensation - Narrative (Details)
$ / shares in Units, $ in Thousands
1 Months Ended 12 Months Ended
Jan. 01, 2025
shares
Dec. 31, 2024
shares
Nov. 16, 2023
USD ($)
grantee
$ / shares
shares
Jun. 30, 2021
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Total stock-based compensation cost related to unvested awards not yet recognized | $         $ 26,600    
Expected weighted-average period compensation cost to be recognized (in years)         2 years 4 months 24 days    
Clinical development milestones, probable achievement (in shares) | shares         58,238    
Total stock-based compensation expense | $         $ 41,829 $ 33,144 $ 47,084
Weighted average grant date fair value (in dollars per share) | $ / shares         $ 10.31 $ 26.00 $ 33.80
Intrinsic value of options exercised | $         $ 100 $ 2,900 $ 6,500
ICT License Acquisition              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Asset acquisition, contingent consideration probable achievement, share-based compensation expense | $         19,700    
Research and development              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Total stock-based compensation expense | $         $ 28,743 $ 14,577 18,207
Stock option | 2023              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Minimum exercise price of plan modifications (in dollars per share) | $ / shares     $ 47.40        
Original exercise price lower range (in dollars per share) | $ / shares     52.20        
Original exercise price upper range (in dollars per share) | $ / shares     $ 359.00        
Share-based payment arrangement, plan modification, number of grantees affected | grantee     200        
Shares repriced (in shares) | shares     1,170,843        
Plan modification, exercise price (in dollars per share) | $ / shares     $ 37.40        
Incremental stock-based compensation expense of modifications | $     $ 8,900        
Restricted Stock Units (RSUs)              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Awards outstanding (in shares) | shares   281,190     306,415 281,190  
Fair value of awards vested during period | $         $ 1,700 $ 2,000 1,400
Performance-Based Stock Options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award expiration period (in years)         10 years    
Award performance period (in years)         3 years    
Clinical development milestones, probable achievement (in shares) | shares         7,062    
Performance-Based Stock Options | Share-Based Payment Arrangement, Tranche One              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award vesting rights, percentage         50.00%    
Performance Shares              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award performance period (in years)         3 years 3 years  
Service period from the milestone achievement date (in years)         1 year    
Total stock-based compensation expense | $         $ 1,700 $ 1,900 0
Awards outstanding (in shares) | shares   135,170     65,518 135,170  
Fair value of awards vested during period | $         $ 400 $ 0 $ 0
Maximum | Performance-Based Stock Options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Performance period relative to total shareholder return (in years)         3 years    
Awards granted, percentage of target         200.00%    
Maximum | Performance Shares              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Performance period relative to total shareholder return (in years)           3 years  
Minimum | Performance-Based Stock Options              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Performance period relative to total shareholder return (in years)         2 years    
Awards granted, percentage of target         0.00%    
Minimum | Performance Shares              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Performance period relative to total shareholder return (in years)           2 years  
2021 Plan              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award expiration period (in years)       10 years      
Proportion of stock outstanding (as a percent)   5.00%          
Number of additional shares authorized for issuance (in shares) | shares 737,188            
Vesting period (in years)       4 years      
Future issuance of common shares (in shares) | shares         2,105,974    
2021 Plan | Performance Shares              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Award performance period (in years)       3 years      
2021 ESPP              
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]              
Future issuance of common shares (in shares) | shares         200,833    
Purchase of common stock at discount (as a percent)       15.00%      
Purchase price in relation to common stock price (as a percent)       85.00%      
Awards issued during period (in shares) | shares         51,799 47,738 49,320