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Convertible Preferred Stock and Stockholders’ Deficit (Tables)
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Summary of Preferred Stock

The following table summarizes information related to issuance of the Company’s preferred stock (in thousands, except number of shares and per share amounts):

 

 

 

As of December 31, 2020

 

 

 

Par Value

 

 

Date of
Issuance

 

Shares
Price at
Issuance

 

 

Shares
Authorized(1)

 

 

Shares
Issued and
Outstanding(1)

 

 

Liquidation
Preference

 

 

Carrying
Value (2)
Share Capital

 

Series A

 

$

0.001

 

 

Feb-2000

 

$

40.81

 

 

 

355,921

 

 

 

355,903

 

 

$

14,523

 

 

$

13,535

 

Series B

 

$

0.001

 

 

May-2003

 

$

9.07

 

 

 

1,741,452

 

 

 

1,741,399

 

 

 

15,795

 

 

 

39,715

 

Series C

 

$

0.001

 

 

Feb-2007

 

$

12.92

 

 

 

1,168,344

 

 

 

1,168,311

 

 

 

15,086

 

 

 

28,136

 

Series D

 

$

0.001

 

 

Aug-2009

 

$

18.08

 

 

 

663,808

 

 

 

663,728

 

 

 

12,000

 

 

 

18,503

 

Series E

 

$

0.001

 

 

Oct-2011

 

$

20.66

 

 

 

353,339

 

 

 

353,327

 

 

 

7,300

 

 

 

10,350

 

Series F

 

$

0.001

 

 

May-2012

 

$

25.83

 

 

 

507,744

 

 

 

499,159

 

 

 

12,891

 

 

 

18,305

 

Series G

 

$

0.001

 

 

Jun-2015

 

$

12.40

 

 

 

5,832,685

 

 

 

5,788,878

 

 

 

71,759

 

 

 

135,682

 

Series H

 

$

0.001

 

 

Feb-2017

 

$

12.40

 

 

 

5,949,499

 

 

 

3,805,567

 

 

 

47,174

 

 

 

89,074

 

 

 

 

 

 

 

 

 

 

 

 

16,572,792

 

 

 

14,376,272

 

 

$

196,528

 

 

$

353,300

 

 

(1)
The shares authorized, issued and outstanding do not reflect any anti-dilution provisions of Series C, Series D, Series E and Series F as a result of the Series G financing.
(2)
The carrying value reflects the gross proceeds received from the sale of the preferred stock less issuance costs and the fair value at issuance of preferred stock warrants classified as a liability, plus accretion of redemption value.
Summary of Common Stock Reserved for Future Issuance Common stock reserved for future issuance consisted of the following:

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Conversion of preferred stock

 

 

 

 

 

14,851,007

 

Preferred stock warrants

 

 

 

 

 

225,945

 

Common stock warrant

 

 

 

 

 

1

 

Stock options issued and outstanding under the 2006, 2015 and 2021 plans

 

 

5,454,112

 

 

 

4,201,935

 

Restricted stock units

 

 

657,729

 

 

 

 

Total shares of common stock reserved

 

 

6,111,841

 

 

 

19,278,888