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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity under 2018 Plan and 2015 Equity Incentive Plan

Stock option activity under the 2018 Plan and 2015 Equity Incentive Plan (the "2015 Plan") is summarized as follows:

 

 

 

Number
of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2020

 

 

6,897,276

 

 

$

24.52

 

 

 

8.07

 

 

$

841,704

 

Granted

 

 

1,478,994

 

 

$

94.80

 

 

 

 

 

 

 

Exercised

 

 

(348,420

)

 

$

17.06

 

 

 

 

 

 

 

Forfeited or canceled

 

 

(228,118

)

 

$

41.86

 

 

 

 

 

 

 

Outstanding at September 30, 2021

 

 

7,799,732

 

 

$

37.62

 

 

 

7.74

 

 

$

431,288

 

Summary of Restricted Shares

Restricted share activity, including restricted stock awards, restricted stock units, and performance-based restricted stock units, under the 2018 Plan and 2015 Plan is summarized as follows:

 

 

 

Number of
Restricted
Shares

 

 

Weighted
Average
Grant Date
Fair Value

 

Unvested at December 31, 2020

 

 

359,945

 

 

$

59.54

 

Granted

 

 

170,150

 

 

$

90.75

 

Vested

 

 

(83,775

)

 

$

57.98

 

Canceled

 

 

(34,033

)

 

$

61.24

 

Unvested at September 30, 2021

 

 

412,287

 

 

$

72.59

 

Summary of Stock-based Compensation for Options and Restricted Shares Classified in Condensed Consolidated Statements of Operations and Comprehensive Loss

Stock-based compensation for options, restricted shares, and ESPP is classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):

 

 

 

Three Months Ended
  September 30,

 

 

Nine Months Ended
  September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Research and development

 

$

6,429

 

 

$

4,759

 

 

$

17,598

 

 

$

11,983

 

General and administrative

 

 

5,948

 

 

 

3,482

 

 

 

15,791

 

 

 

9,230

 

Total stock-based compensation

 

$

12,377

 

 

$

8,241

 

 

$

33,389

 

 

$

21,213