XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
May 30, 2024
USD ($)
shares
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure
From time to time, the Company grants stock options to its employees, including our NEOs. Following the Separation and Distribution in May 2024, the Company granted stock options to employees. Additionally, the Company has established a practice of granting new-hire option awards on a new hire’s employment start date. Moreover, non-employee directors receive automatic grants of initial and annual stock option awards, at the time of a director’s initial appointment or election to the Board and at the first Board meeting following each annual meeting of the Company’s stockholders, respectively, pursuant to our Non-Employee Director Compensation Policy. The Company does not otherwise maintain any written policies on the timing of awards of stock options.
The Company does not grant equity awards in anticipation of the release of material nonpublic information or time the release of material nonpublic information based on equity award grant dates, vesting dates or sale events for the purpose of affecting the value of executive compensation.
 
Award Timing Method
From time to time, the Company grants stock options to its employees, including our NEOs. Following the Separation and Distribution in May 2024, the Company granted stock options to employees. Additionally, the Company has established a practice of granting new-hire option awards on a new hire’s employment start date. Moreover, non-employee directors receive automatic grants of initial and annual stock option awards, at the time of a director’s initial appointment or election to the Board and at the first Board meeting following each annual meeting of the Company’s stockholders, respectively, pursuant to our Non-Employee Director Compensation Policy. The Company does not otherwise maintain any written policies on the timing of awards of stock options.
The Company does not grant equity awards in anticipation of the release of material nonpublic information or time the release of material nonpublic information based on equity award grant dates, vesting dates or sale events for the purpose of affecting the value of executive compensation.
 
Award Timing MNPI Considered true  
Award Timing, How MNPI Considered Additionally, the Company has established a practice of granting new-hire option awards on a new hire’s employment start date. Moreover, non-employee directors receive automatic grants of initial and annual stock option awards, at the time of a director’s initial appointment or election to the Board and at the first Board meeting following each annual meeting of the Company’s stockholders, respectively, pursuant to our Non-Employee Director Compensation Policy. The Company does not otherwise maintain any written policies on the timing of awards of stock options.
The Company does not grant equity awards in anticipation of the release of material nonpublic information or time the release of material nonpublic information based on equity award grant dates, vesting dates or sale events for the purpose of affecting the value of executive compensation.
 
MNPI Disclosure Timed for Compensation Value false  
Awards Close in Time to MNPI Disclosures, Table
The following table sets forth information for certain stock options granted to the Company’s named executive officers during 2024.
Name
Grant DateNumber of Securities Underlying the AwardExercise Price of the Award
Grant Date Fair Value of the Award
Percentage Change in the Closing Market Price of the Securities Underlying the Award Between the Trading Day Ending Immediately Prior to the Disclosure of Material Nonpublic Information and the Trading Day Beginning Immediately Following the Disclosure of Material Nonpublic Information
Mark P. Lappe5/30/2024300,000 $15.86 $3,576,000 2.5 %
Kelly D. Deck, C.P.A.5/30/2024175,000 $15.86 $2,086,000 2.5 %
Brendan P. Eckelman, Ph.D.5/30/2024175,000 $15.86 $2,086,000 2.5 %
 
Mark P. Lappe [Member] | Share-Based Payment Arrangement, Option [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Mark P. Lappe
Underlying Securities | shares   300,000
Exercise Price | $ / shares   $ 15.86
Fair Value as of Grant Date | $   $ 3,576,000
Underlying Security Market Price Change   0.025
Kelly D. Deck, C.P.A. [Member] | Share-Based Payment Arrangement, Option [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Kelly D. Deck, C.P.A.
Underlying Securities | shares   175,000
Exercise Price | $ / shares   $ 15.86
Fair Value as of Grant Date | $   $ 2,086,000
Underlying Security Market Price Change   0.025
Brendan P. Eckelman, Ph.D. [Member] | Share-Based Payment Arrangement, Option [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Brendan P. Eckelman, Ph.D.
Underlying Securities | shares   175,000
Exercise Price | $ / shares   $ 15.86
Fair Value as of Grant Date | $   $ 2,086,000
Underlying Security Market Price Change   0.025