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Share-based payments (Tables)
 6 Months Ended
Jun. 30, 2022
Statements [Line Items]  
Summary of Employee Related Share Based Compensation Expense
The Group recognized total employee-related share-based compensation expense, during the three and six months ended June 30, 2022 and 2021 as set out below:
 

 
  
Three months ended June 30,
 
  
Six months ended June 30,
 
 
  
2022
 
  
2021
 
  
2022
 
  
2021
 
 
  
(Euros in thousands)
 
  
(Euros in thousands)
 
Research and development expenses
      3,107        4,676        6,375        9,574  
General and administrative expenses
      2,453        3,289        4,887        6,695  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total share-based compensation
   
 
5,560
 
   
 
7,965
 
   
 
11,262
 
   
 
16,269
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Matching Stock Options [Member]  
Statements [Line Items]  
Summary of Employee Share Options
Matching Stock Options outstanding as of June 30, 2022:
 
    
2022
  
    
Weighted average

exercise price
 
in USD
     
Number
  
Matching Stock Options outstanding on January 1,
      10.00        1,406,468  
Matching Stock Options forfeited
      —          —    
Matching Stock Options exercised
      —          —    
Matching Stock Options expired
      10.00        1,638  
Matching Stock Options outstanding on June 30,
      10.00        1,404,830  
Matching Stock Options exercisable on June 30,
      10.00        1,404,830  
Weighted average remaining contract life (years)
      8.01           
Converted Options [Member]  
Statements [Line Items]  
Summary of Employee Share Options
Converted Options outstanding as of June 30, 2022:
 
    
2022
  
    
Weighted average

exercise price in
 
USD
     
Number
  
Converted Options outstanding on January 1,
      2.64        566,311  
Converted Options forfeited
      1.35        7,738  
Converted Options exercised
      1.43        1,222  
Converted Options expired
      1.34        227  
Converted Options outstanding on June 30,
      2.66        557,124  
Converted Options exercisable on June 30,
      2.64        328,859  
Weighted average remaining contract life (years)
      5.51           
Additional Grants Under 2020 Plan [Member]  
Statements [Line Items]  
Summary of Options Granted Priced Using Black Scholes for SARs, Tandem Awards, Converted Options, Matching Stock Options and Monte Carlo Option Pricing Model Immatics applied a Black Scholes pricing model to estimate the fair value of the Service Options
 
    
As of
March 22,
2022
    
As of
March 29,
2022
    
As of
June 14,
2022
    
As of
June 30,
2022
  
Exercise price in USD
    $ 7.40     $ 8.15     $ 7.94     $ 8.71  
Underlying share price in USD
    $ 7.40     $ 8.15     $ 7.94     $ 8.71  
Volatility
      81.75 %      81.58 %      82.57 %      82.17 % 
Time period (years)
      6.11       6.11       5.58       6.08  
Risk free rate
      2.39 %      2.48 %      3.57 %      3.00 % 
Dividend yield
      0.00 %      0.00 %      0.00 %      0.00 % 
Summary of Employee Share Options
Service Options outstanding as of June 30, 2022:
 
    
2022
  
    
Weighted average

exercise price in USD
     
Number
  
Service Options outstanding on January 1,
      10.57        3,725,619  
Service Options granted in March,
      7.94        104,963  
Service Options granted in June,
      8.25        523,945  
Service Options forfeited
      10.62        51,582  
Service Options exercised
      —          —    
Service Options expired
      9.97        1,189  
Service Options outstanding on June 30,
      10.22        4,301,756  
Service Options exercisable on June 30,
      9.97        802,615  
Weighted average remaining contract life (years)
      9.15           
Performance Based Options [Member]  
Statements [Line Items]  
Summary of Employee Share Options
PSUs outstanding as of June 30, 2022:

 
  
2022
 
 
  
Weighted average

exercise price in USD
 
  
Number
 
PSUs outstanding on January 1,
      10.08        3,696,000  
PSUs granted
      —          —    
PSUs forfeited
      —          —    
PSUs outstanding on June 30,
      10.08        3,696,000  
PSUs exercisable on June 30,
      —          —    
Weighted average remaining contract life (years)
      8.49