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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Assumptions Used in Black-Scholes Option Pricing Model

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Three Months Ended

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Nine Months Ended

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September 30, 

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September 30, 

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2022

    

2021

    

    

2022

    

2021

    

Risk-free interest rate

 

2.65% - 4.09%

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0.92% - 1.01%

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1.70% - 4.09%

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0.66% - 1.23%

 

Expected volatility

 

77.7% - 78.2%

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83.0% - 83.4%

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77.7% - 81.9%

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71.6% - 83.5%

 

Expected dividend yield

 

0%

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0%

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0%

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0%

 

Expected life of employee and Board options (in years)

 

6.25

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6.25

 

 

6.25

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6.25

 

Summary of Compensation Expense Relating to Stock Options

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Three Months Ended

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Nine Months Ended

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September 30, 

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September 30, 

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2022

    

2021

    

2022

    

2021

    

Research and development

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$

1,719

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$

1,833

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$

5,380

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$

5,228

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General and administrative

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1,149

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1,205

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5,137

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3,444

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Total stock option expense

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$

2,868

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$

3,038

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$

10,517

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$

8,672

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Summary of Stock Option Activity

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Weighted

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Number of

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Average Exercise

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Shares

    

 Price

    

Outstanding, December 31, 2021

 

6,512,280

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$

15.58

 

Granted

 

1,739,919

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10.28

 

Exercised

 

(46,277)

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6.26

 

Forfeited

 

(356,819)

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14.50

 

Expired

 

(194,580)

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16.21

 

Outstanding, September 30, 2022

 

7,654,523

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$

14.47

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Options exercisable, September 30, 2022

 

4,764,271

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Employees And Non-Employee Members Of Board Of Directors [Member]  
Summary of Restricted Stock Unit Activity

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Weighted

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Number of

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Average Grant

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Units

    

Date Fair Value

Outstanding, December 31, 2021

 

576,544

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$

17.50

Awarded

 

466,926

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10.11

Vested and released

 

(206,518)

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16.74

Forfeited

 

(196,002)

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17.06

Outstanding, September 30, 2022

 

640,950

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$

12.50

Restricted stock units exercisable (vested and deferred), September 30, 2022

 

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