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

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

 

 

 

 

  

Exercised

 

(21,000)

 

4.03

 

 

  

Forfeited, expired or cancelled

(31,234)

 

76.55

 

 

  

Outstanding as of March 31, 2025

2,374,695

$

20.24

 

5.63

$

8,266

Exercisable as of March 31, 2025

2,069,546

$

19.69

 

5.32

$

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:

Derived

Hurdle Price

Number of

Fair Value

Service Period

Per PSU

PSUs

Per Share

(in years)

$

30.00

160,078

 

$

18.42

0.74

$

35.00

53,350

 

$

17.24

0.96

$

40.00

32,835

 

$

16.14

1.15

$

45.00

28,737

$

15.13

1.31

275,000

 

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

 

 

Forfeited

 

Unvested balance as of March 31, 2025

597,117

$

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):

Three Months Ended March 31, 

2025

2024

Total stock-based compensation expense

$

1,983

$

2,856