Common Stock, Preferred Stock and Stockholders' Equity

12 Months Ended

Jun. 30, 2020

Common Stock, Preferred Stock and Stockholders' Equity

14.	Common Stock, Preferred Stock and Stockholders’ Equity

As of June 30, 2020, there were 150 million shares of $0.001 par value common stock and five million shares of $0.001 par value preferred stock that were authorized to be issued. As of that date, a total of 25,813,185 and 25,793,589 shares of common stock were issued and outstanding, respectively, while none of the preferred shares were issued and outstanding.

The table below summarizes the shares of common stock that were reserved for future issuance as of June 30, 2020.


Stock options issued and outstanding, including those with performance milestones			3,945,870
Restricted stock units			153,000
Authorized for future grant under the 2013 Employee Stock Purchase Plan			128,571
Authorized for future grant under the 2013 Equity and Incentive Plan			1,297,930

Total shares of common stock reserved for future issuance			5,525,371

The number of shares of common stock available for issuance under the 2013 Equity and Incentive Plan is subject to an automatic annual increase on each July 1 equal to the lesser of (i) 4% of the number of shares of common stock issued and outstanding on the immediately preceding June 30 or (ii) such lesser number of shares of common stock as determined by the Company’s Compensation Committee. Based on the Company’s issued and outstanding common shares on June 30, 2020, the number of shares of common stock reserved and available for issuance under the 2013 Equity and Incentive Plan increased by 1,031,743 shares on July 1, 2020.