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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Summary of Assumptions Used in Black-Scholes Option Pricing Model

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

    

2024

    

2023

    

Risk-free interest rate

 

4.34%

3.38% - 3.89%

 

4.12% - 4.34%

3.38% - 4.22%

 

Expected volatility

 

89.8%

80.3% - 81.3%

 

89.6% - 89.8%

76.3% - 81.3%

 

Expected dividend yield

 

0%

0%

 

0%

0%

 

Expected life of employee and Board options (in years)

 

6.25

6.25

 

 

6.25

6.25

 

Summary of Stock Option Activity

Weighted

Number of

Average Exercise

    

Shares

    

 Price

    

Outstanding, December 31, 2023

 

7,897,647

$

12.99

 

Granted

 

3,045,125

 

0.86

 

Exercised

 

 

 

Forfeited

 

(3,139,154)

 

4.81

 

Expired

 

(1,735,737)

 

14.15

 

Outstanding, June 30, 2024

 

6,067,881

$

10.80

Options exercisable, June 30, 2024

 

3,797,495

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

Weighted

Number of

Average Grant

    

Units

    

Date Fair Value

Outstanding, December 31, 2023

 

566,324

$

9.27

Awarded

 

903,883

 

0.66

Vested and released

 

(357,060)

 

7.58

Forfeited

 

(136,348)

 

10.57

Outstanding, June 30, 2024

 

976,799

$

1.74

Restricted stock units exercisable (vested and deferred), June 30, 2024

 

Employee Stock Option [Member]  
Summary of Compensation Expense Recognized

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

    

Research and development

$

275

$

1,447

$

779

$

2,927

General and administrative

 

1,145

 

1,434

 

2,374

 

2,675

Total stock option expense

$

1,420

$

2,881

$

3,153

$

5,602

Restricted Stock Units [Member]  
Summary of Compensation Expense Recognized

Three Months Ended

Six Months Ended

June 30, 

June 30,

    

2024

2023

2024

2023

Research and development

 

$

(6)

$

116

$

249

$

295

General and administrative

327

445

1,684

898

Total restricted stock unit expense

 

$

321

$

561

$

1,933

$

1,193