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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
Schedule of Stock-based Compensation Expense | The Company recorded stock-based compensation expense in the following expense categories in its accompanying condensed consolidated statements of operations:
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
|  | (in thousands) |
Research and development |  | $ | 2,135 |  |  | $ | 1,642 |
General and administrative |  |  | 2,084 |  |  |  | 1,563 |
Total |  | $ | 4,219 |  |  | $ | 3,205 |
Schedule of Stock Option Activity | The following table summarizes the stock option activity for the three months ended March 31, 2023:
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Contractual Term |  |  | Aggregate Intrinsic Value |
|  | (in years) |
Options outstanding as of December 31, 2022 |  |  | 12,924,086 |  |  | $ | 6.50 |  |  |  | 8.13 |  |  | $ | 24,267,448 |
Granted |  |  | 4,257,952 |  |  |  | 5.37 |  |  |  |  |  |  |
Exercised |  |  | (30,590 | ) |  |  | 2.37 |  |  |  |  |  |  |
Cancelled |  |  | (133,208 | ) |  |  | 9.65 |  |  |  |  |  |  |
Options outstanding as of March 31, 2023 |  |  | 17,018,240 |  |  | $ | 6.20 |  |  |  | 8.37 |  |  | $ | 6,441,051 |
Options exercisable as of March 31, 2023 |  |  | 6,042,026 |  |  | $ | 5.32 |  |  |  | 7.26 |  |  | $ | 5,253,390 |
Summary of Restricted Stock Unit Activity | The following table summarizes the RSU activity for the three months ended March 31, 2023:
|  | Number of Stock Units |  |  | Weighted Average Grant Date Fair Value Per Share |
Unvested and outstanding as of December 31, 2022 |  |  | — |  |  | $ | - |
Granted |  |  | 637,138 |  |  |  | 5.20 |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | (3,512 | ) |  |  | 5.20 |
Unvested and outstanding as of March 31, 2023 |  |  | 633,626 |  |  | $ | 5.20 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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