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Stock-Based Awards (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following tables summarize the Company’s stock option activity since December 31, 2018 and through September 30, 2019:

 

 

 

Shares

 

 

Weighted

 

 

Average

 

 

 

 

 

 

Issuable

 

 

Average

 

 

Remaining

 

Aggregate

 

 

 

Under

 

 

Exercise

 

 

Contractual

 

Intrinsic

 

 

 

Options

 

 

Price

 

 

Term

 

Value

 

 

 

 

 

 

 

 

 

 

 

(in years)

 

(in

thousands)

 

Outstanding as of December 31, 2018

 

 

5,024,371

 

 

$

8.85

 

 

7.6

 

$

3,143

 

Granted

 

 

2,276,197

 

 

$

4.00

 

 

 

 

 

 

 

Exercised

 

 

(10,667

)

 

$

0.75

 

 

 

 

 

 

 

Forfeited

 

 

(2,171,621

)

 

$

7.60

 

 

 

 

 

 

 

Outstanding as of September 30, 2019

 

 

5,118,280

 

 

$

7.24

 

 

6.4

 

$

 

Options exercisable as of September 30, 2019

 

 

2,701,812

 

 

$

9.53

 

 

4.2

 

$

 

Summary of Stock-Based Compensation Expense Related to Stock Options, Restricted Common Stock and ESPP

The Company recorded stock-based compensation expense related to stock options, restricted common stock and the ESPP in the following expense categories within its condensed consolidated statements of operations for the three and nine months ended September 30, 2019 and 2018 as follows:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Research and development

 

$

(359

)

 

$

1,027

 

 

$

1,337

 

 

$

4,263

 

General and administrative

 

 

963

 

 

 

1,173

 

 

 

3,218

 

 

 

3,074

 

 

 

$

604

 

 

$

2,200

 

 

$

4,555

 

 

$

7,337