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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Summary of Assumptions Used in Black-Scholes Option Pricing Model

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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2023

    

2022

    

    

2023

    

2022

    

Risk-free interest rate

 

3.38% - 3.89%

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2.83% - 3.54%

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3.38% - 4.22%

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1.70% - 3.54%

 

Expected volatility

 

80.3% - 81.3%

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77.8% - 81.5%

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76.3% - 81.3%

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77.8% - 81.9%

 

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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Six Months Ended

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June 30, 

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June 30, 

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2023

    

2022

    

2023

    

2022

    

Research and development

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$

1,447

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$

1,744

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$

2,927

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$

3,661

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General and administrative

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1,434

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1,958

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2,675

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3,988

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Total stock option expense

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$

2,881

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$

3,702

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$

5,602

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$

7,649

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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, 2022

 

7,689,449

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$

14.35

 

Granted

 

1,798,921

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8.76

 

Exercised

 

(93,218)

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6.00

 

Forfeited

 

(117,629)

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11.27

 

Expired

 

(1,142,926)

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14.35

 

Outstanding, June 30, 2023

 

8,134,597

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$

13.25

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Options exercisable, June 30, 2023

 

4,388,343

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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, 2022

 

372,513

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$

13.20

Awarded

 

601,172

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7.81

Vested and released

 

(178,247)

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12.15

Forfeited

 

(3,585)

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10.46

Outstanding, June 30, 2023

 

791,853

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$

9.36

Restricted stock units exercisable (vested and deferred), June 30, 2023

 

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