Quarterly report [Sections 13 or 15(d)]

Stock Based Compensation (Tables)

v3.25.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-based compensation  
Schedule of stock option activity

Weighted

    

Weighted

Average

Average

Aggregate

Exercise

Contractual 

Intrinsic

Number of

Price

Remaining Term

Value

shares

Per Share

(in years)

(in thousands)

Outstanding as of January 1, 2025

2,426,929

$

20.83

 

5.77

$

18,644

Granted

 

9,936

 

25.12

 

 

  

Exercised

 

(51,497)

 

4.03

 

 

  

Forfeited, expired or cancelled

(37,013)

 

75.20

 

 

  

Outstanding as of June 30, 2025

2,348,355

$

20.36

 

5.47

$

15,715

Exercisable as of June 30, 2025

2,089,804

$

19.91

 

5.20

$

14,839

Schedule of grant date fair values of PSUs granted

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

Derived

Hurdle Price

Number of

Fair Value

Service Period

Per PSU

PSUs

Per Share

(in years)

$

30.00

165,900

 

$

18.42-19.71

0.46-0.74

$

35.00

55,290

 

$

17.24-17.67

0.66-0.96

$

40.00

34,029

 

$

15.85-16.14

0.82-1.15

$

45.00

29,781

$

14.20-15.13

0.95-1.31

285,000

 

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):

Three Months Ended June 30, 

       

Six Months Ended June 30, 

2025

2024

2025

2024

Total stock-based compensation expense

$

1,605

$

2,690

$

3,588

$

5,546

Performance Stock Unit Awards  
Stock-based compensation  
Schedule of performance shares, outstanding activity

Weighted

Average

Grant Date

Number of

Fair Value

Unvested PSUs

Per Share

Unvested balance as of January 1, 2025

597,117

$

16.03

Granted

 

 

Vested

 

(136,480)

 

17.23

Forfeited

 

Unvested balance as of June 30, 2025

460,637

$

15.68

Restricted Stock Unit Awards  
Stock-based compensation  
Schedule of performance shares, outstanding activity

Weighted

Average

Grant Date

Number of

Fair Value

Unvested RSUs

Per Share

Unvested balance as of January 1, 2025

15,175

$

24.71

Granted

 

29,855

 

25.12

Vested

 

(15,175)

 

24.71

Forfeited

 

Unvested balance as of June 30, 2025

29,855

$

25.12