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Stock-based awards (Tables)
3 Months Ended
Mar. 31, 2021
Stock-based awards  
Schedule of assumptions used to determine grant-date fair value of stock options granted

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

2021

 

2020

Expected term (in years)

6.00

 

 

6.00

 

Expected volatility

70.44

%

 

80.60

%

Weighted average risk-free interest rate

0.59

%

 

1.63

%

Expected dividend yield

0.00

%

 

0.00

%

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-

    

Weighted-

    

 

 

 

 

 

 

Average

 

Average

 

Aggregate

 

 

 

 

Exercise

 

remaining

 

Intrinsic

 

 

Number

 

Price per

 

contractual

 

Value

 

 

of Options

 

Share

 

term (years)

 

(000's)

Balance outstanding, December 31, 2020

 

3,733,312

 

$

12.15

 

8.53

 

$

52,498

Options granted

 

173,063

 

$

25.99

 

 

 

 

 

Options exercised

 

(28,670)

 

$

0.85

 

 

 

 

 

Balance outstanding, March 31, 2021

 

3,877,705

 

$

12.85

 

8.36

 

$

62,711

Exercisable, March 31, 2021

 

1,310,142

 

$

8.80

 

8.02

 

$

26,473

Vested and expected to vest, March 31, 2021

 

3,877,705

 

$

12.85

 

8.36

 

$

62,711

 

Summary of stock-based compensation expense

 

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

2021

 

2020

Classified within research and development expense

 

$

1,645

 

$

368

Classified within general and administrative expense

 

 

719

 

 

869

Total stock-based compensation expense

 

$

2,364

 

$

1,237