v3.25.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Assumptions Used to Compute Fair Value

The following table summarizes assumptions used to compute the fair value of options granted:

 

 

 

September 30, 2025

 

September 30, 2024

Stock price

 

$14-5,990

 

$146 - 305

Exercise price

 

$15-5,990

 

$146 - 2,500

Expected volatility

 

110.95%

 

61.00 - 62.12%

Expected term (in years)

 

10

 

5.61 - 6.08

Risk-free interest rate

 

4.45%

 

4.20 - 4.45%

Summary of Stock Option Activity

A summary of stock option activity under the Plan is as follows:

 

 

 

Shares Underlying Options

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Term (in years)

 

 

Intrinsic Value

 

Outstanding at December 31, 2024

 

 

2,566

 

 

$

1,618.30

 

 

 

8.52

 

 

$

—

 

Granted

 

 

10,086

 

 

 

210.45

 

 

 

9.12

 

 

 

—

 

Expired

 

 

(17

)

 

 

176.44

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(43

)

 

 

292.63

 

 

 

—

 

 

 

—

 

Outstanding at September 30, 2025

 

 

12,592

 

 

$

347.85

 

 

 

8.89

 

 

 

—

 

Exercisable at September 30, 2025

 

 

1,312

 

 

$

1,668.77

 

 

 

6.82

 

 

$

—

 

Summary of Activity with Respect Status of, RSUs

A summary of the activity with respect to, and status of, RSUs during the nine months ended September 30, 2025 is presented below:

 

 

 

Units

 

 

Weighted Average Grant Date Fair Value

 

Outstanding at December 31, 2024

 

 

34,078

 

 

$

17.40

 

Granted

 

 

520,529

 

 

 

7.03

 

Exercised

 

 

(125,427

)

 

 

11.91

 

Forfeited

 

 

(14,751

)

 

 

8.49

 

Outstanding at September 30, 2025

 

 

414,429

 

 

$

7.45