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EQUITY INCENTIVE PLANS (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Stock Units and Performance-based Restricted Stock Units Activity
The following table summarizes RSU and PRSU activity during the three months ended March 31, 2022:
Number of
RSUs and PRSUs
Weighted Average Grant Date Fair Value
Outstanding at December 31, 20211,174,087 $2.53 
RSUs and PRSUs granted1,466,954 0.83 
RSUs and PRSUs vested(749,254)1.34 
RSUs and PRSUs canceled(48,159)2.86 
Outstanding at March 31, 20221,843,628 $1.65 
Summary of Stock Option Activity
The following table summarizes stock option activity during the three months ended March 31, 2022:
Number of
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual Life
in Years
Total Aggregate
Intrinsic Value (in thousands)
Outstanding at December 31, 20218,296,091 $3.21 6.31$— 
Options granted
1,804,700 0.83 
Options exercised
— — 
Options canceled
(1,096,423)3.12 
Outstanding at March 31, 20229,004,368 $2.74 7.53$
Vested and expected to vest at March 31, 20229,004,368 $2.74 7.53$
Exercisable at March 31, 20224,609,717 $3.75 5.86$— 
Schedule of Stock-based Compensation Expense
Stock-based compensation expense recognized for restricted shares, RSUs, PRSUs, stock options, and the ESPP has been reported in the statements of operations as follows (in thousands):
Three Months Ended
March 31,
20222021
Research and development$455 $391 
General and administrative883 488 
Total$1,338 $879