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Award Timing Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

$ / shares

Award Timing Disclosures [Line Items]

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 of directors 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

The following table sets forth informat

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 of directors 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.

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 Date	Number of Securities Underlying the Award	Exercise 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. Lappe	5/30/2024	300,000	$	15.86	$	3,576,000	2.5	%
Kelly D. Deck, C.P.A.	5/30/2024	175,000	$	15.86	$	2,086,000	2.5	%
Brendan P. Eckelman, Ph.D.	5/30/2024	175,000	$	15.86	$	2,086,000	2.5	%