XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

Stock option activity under the 2020 Plan and the 2022 Plan, is as follows:

 

 

Stock
Options

 

 

Weighted-Average
Exercise
Price

 

Outstanding as of December 31, 2022

 

 

3,341,834

 

 

$

9.52

 

Granted

 

 

1,338,600

 

 

$

14.27

 

Exercised

 

 

(100,351

)

 

$

2.12

 

Canceled/Forfeited

 

 

(409,638

)

 

$

12.17

 

Outstanding as of September 30, 2023

 

 

4,170,445

 

 

$

10.96

 

Summary of Stock-based Compensation Expense

Stock based compensation expense recognized for stock option grants included in the accompanying condensed consolidated statements of operations and comprehensive loss is as follows (in thousands):

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Research and development

 

$

785

 

 

$

557

 

 

$

2,167

 

 

$

1,185

 

General and administrative

 

 

1,156

 

 

 

804

 

 

 

2,959

 

 

 

2,219

 

Total stock-based compensation expense

 

$

1,941

 

 

$

1,361

 

 

$

5,126

 

 

$

3,404