We estimate net savings due to the workforce reductions and operating cost reductions, net of termination severance and benefits, totaling approximately $14.3 million.

filing / Aug 12, 2026 / receipt

In April 2025, the Company implemented a cost reduction action to reduce its workforce by 30 employees, cease recruitment of additional planned new hires, and reduce other operating expenses.

filing / Aug 12, 2026 / receipt

Employee severance costs associated with this action were $ 0.7 million, which were expensed during the second quarter of 2025.

filing / Aug 12, 2026 / receipt

There are no further costs associated with this cost reduction action expected to be incurred in the future. In May 2026, the Company implemented a plan to reduce its workforce by approximately 45 employees, defer additional planned new hires, and reduce other operating expenses.

filing / Aug 12, 2026 / receipt

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of June 30, 2026.

filing / Aug 12, 2026 / receipt

We estimate net savings due to the workforce reductions and operating cost reductions, net of termination severance and benefits, totaling approximately $14.3 million during the remainder of 2026.

filing / May 13, 2026 / receipt

On April 28, 2025, the Company implemented a cost reduction action to reduce its workforce by 30 employees, cease recruitment of additional planned new hires, and reduce other operating expenses.

filing / May 13, 2026 / receipt

Employee severance costs associated with this action were $ 0.7 million, which were expensed during the second quarter of 2025.

filing / May 13, 2026 / receipt

There are no further costs associated with this cost reduction action expected to be incurred in the future. Legal Matters From time to time, the Company may be involved in various lawsuits, claims, assessments and proceedings, including securities, commercial, intellectual property, product liability, contractual, governmental, employment or other matters that arise in the normal course of business.

filing / May 13, 2026 / receipt

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of March 31, 2026.

filing / May 13, 2026 / receipt