v3.22.2

Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

Stock option activity under the 2019 Equity Incentive Plan (the “2019 Plan”) is set forth below for the six months ended June 30, 2022:

						Weighted				Average
						Average				Remaining				Aggregate
		Number of				Exercise				Contractual				Intrinsic
		Shares				Price Per				Term				Value
		Outstanding				Share				(Years)				(in thousands)
Balances at December 31, 2021			2,024,681			$	18.33				8.0			$	38,417
Stock options authorized			—
Stock options granted			1,005,432				19.39
Stock options exercised			(44,910	)			8.24
Stock options forfeited			(77,607	)			24.96
Balances at June 30, 2022			2,907,596			$	18.67				8.3			$	8,158

Summary of RSU Activity

Restricted stock unit (“RSU”) activity under the 2019 Plan is set forth below for the six months ended June 30, 2022:

						Weighted
						Average
		Number of				Grant Date
		Shares				Fair Value
		Outstanding				Per Share
Balances at December 31, 2021			40,500			$	44.66
RSUs granted			—				—
RSUs vested and settled			(13,500	)			44.66
RSUs forfeited			—				—
Balances at June 30, 2022			27,000			$	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 2019 Employee Stock Purchase Plan (the “2019 ESPP”) was as follows (in thousands):

		For the Three Months Ended June 30,								For the Six Months Ended June 30,
		2022				2021				2022				2021
Research and development		$	1,269			$	1,627			$	2,448			$	3,101
General and administrative			1,403				1,261				2,926				2,474
Total stock-based compensation expense		$	2,672			$	2,888			$	5,374			$	5,575

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No definition available.

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
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- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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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
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-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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