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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity Stock option activity under the 2019 Plan is set forth below for the nine months ended September 30, 2020:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Number of

 

 

Exercise

 

 

 

Shares

 

 

Shares

 

 

Price Per

 

 

 

Available

 

 

Outstanding

 

 

Share

 

Balances at December 31, 2019

 

 

1,874,759

 

 

 

1,313,468

 

 

$

9.77

 

Stock options authorized

 

 

873,321

 

 

 

 

 

 

 

 

Stock options granted

 

 

(343,621

)

 

 

343,621

 

 

 

34.75

 

Stock options exercised

 

 

 

 

 

(122,743

)

 

 

4.62

 

Stock options forfeited

 

 

16,381

 

 

 

(16,381

)

 

 

11.61

 

Balances at September 30, 2020

 

 

2,420,840

 

 

 

1,517,965

 

 

$

15.66

 

 

Summary of RSU Activity

RSU activity under the 2019 Plan is set forth below for the nine months ended September 30, 2020:

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

 

 

Shares

 

 

Fair Value

 

 

 

Outstanding

 

 

Per Share

 

Balances at December 31, 2019

 

 

 

 

$

 

RSUs granted

 

 

56,500

 

 

 

44.66

 

RSUs vested and settled

 

 

 

 

 

 

RSUs forfeited

 

 

 

 

 

 

Balances at September 30, 2020

 

 

56,500

 

 

$

44.66

 

 

Summary of Stock-based Compensation Expense

Total stock-based compensation expense recognized for options and RSUs granted to both employees and non-employees and for the employee stock purchase plan was as follows (in thousands):

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$

1,125

 

 

$

212

 

 

$

3,450

 

 

$

611

 

General and administrative

 

 

880

 

 

 

219

 

 

 

2,678

 

 

 

544

 

Total stock-based compensation expense

 

$

2,005

 

 

$

431

 

 

$

6,128

 

 

$

1,155