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Equity Incentive Awards (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the Company’s option activity and related information:
Number of
Options
(in thousands)
Weighted-
Average
Exercise Price
Balance at December 31, 20232,303 $48.71 
Options granted557 18.51 
Options exercised(14)10.14 
Options forfeited(86)28.44 
Balance at March 31, 20242,760 $43.43 
Exercisable as of March 31, 20241,253 $73.42 
Schedule of Restricted Stock Units Activity
The following table summarizes the Company’s RSUs activity and related information:
Number of Units
(in thousands)
Weighted-
Average Grant-
Date Fair Value
Outstanding at December 31, 2023154 $21.73 
Granted73 19.21 
Vested and released(25)27.41 
Forfeited(4)10.81 
Outstanding at March 31, 2024198 $20.33 
Stock-Based Compensation Expense
Schedule of Stock-Based Compensation Expense
The following table presents, by operating expense, the Company’s stock-based compensation expense:
Three Months Ended
March 31,
20242023
(In thousands)
Research and development$1,120 $1,381 
General and administrative3,046 3,182 
Total stock-based compensation expense$4,166 $4,563