Quarterly report [Sections 13 or 15(d)]

Stock Based Compensation (Tables)

v3.25.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Stock Based Compensation  
Schedule of stock option activity

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Weighted

    

Weighted

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Average

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Average

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Aggregate

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Exercise

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Contractual 

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Intrinsic

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Number of

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Price

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Remaining Term

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Value

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shares

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Per Share

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(in years)

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(in thousands)

Outstanding as of January 1, 2025

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2,426,929

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$

20.83

 

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5.77

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$

18,644

Granted

 

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—

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—

 

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Exercised

 

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(21,000)

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4.03

 

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Forfeited, expired or cancelled

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(31,234)

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76.55

 

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Outstanding as of March 31, 2025

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2,374,695

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$

20.24

 

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5.63

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$

8,266

Exercisable as of March 31, 2025

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2,069,546

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$

19.69

 

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5.32

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$

8,050

Schedule of grant date fair values of PSUs granted

The grant date fair values of the PSUs granted in January 2024 was estimated as follows:

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Derived

Hurdle Price

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Number of

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Fair Value

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Service Period

Per PSU

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PSUs

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Per Share

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(in years)

$

30.00

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160,078

 

$

18.42

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0.74

$

35.00

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53,350

 

$

17.24

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0.96

$

40.00

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32,835

 

$

16.14

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1.15

$

45.00

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28,737

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$

15.13

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1.31

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275,000

 

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Schedule of performance shares, outstanding activity

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Weighted

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Average

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Grant Date

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Number of

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Fair Value

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Unvested PSUs

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Per Share

Unvested balance as of January 1, 2025

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597,117

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$

16.03

Granted

 

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—

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—

Vested

 

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—

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—

Forfeited

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—

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—

Unvested balance as of March 31, 2025

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597,117

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$

16.03

Summary of stock-based compensation expense The following table shows total stock-based compensation expense for stock options, PSUs, RSUs, and ESPP in the condensed consolidated statements of operations (in thousands):

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Three Months Ended March 31, 

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2025

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2024

Total stock-based compensation expense

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$

1,983

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$

2,856

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