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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense Recognized
Stock-based compensation expense recognized for stock options, restricted stock units ("RSUs"), performance-based restricted stock units ("PRSUs") and our employee stock purchase program (the "ESPP") are recorded as operating expenses in our condensed statements of operations and comprehensive loss, as follows (in thousands):
Three Months Ended March 31,
20222021
Research and development$1,214 $1,092 
Selling, general and administrative2,508 1,995 
Total$3,722 $3,087 
Summary of Total Unrecognized Stock-Based Compensation Expense, Net of Estimated Forfeitures
As of March 31, 2022, our total unrecognized stock-based compensation expense, net of estimated forfeitures, and average remaining vesting period, included the following (dollars in thousands):
Unrecognized Compensation ExpenseAverage Remaining Vesting Period (Years)
Stock option grants$14,865 3.0
RSU grants$4,894 1.3
ESPP$53 0.8
Schedule of Stock Option Activity
A summary of our stock option activity and related information for the three months ended March 31, 2022 is as follows (in thousands, except dollar amounts):
Number of SharesWeighted-Average
Exercise Price per
Share
Balance at December 31, 202110,417 $7.00 
Options granted3,535 $0.98 
Options exercised— $— 
Options forfeited or canceled(1,006)$7.18 
Balance at March 31, 202212,946 $5.34 
Exercisable at March 31, 20226,476 $7.16 
Schedule of Restricted Stock Units Activity
A summary of our RSUs activity and related information for the three months ended March 31, 2022 is as follows (in thousands, except dollar amounts):
Number of
RSUs
Weighted-Average
Grant Date Fair
Value Per Share
Non-vested restricted stock units at December 31, 20213,529 $2.04 
Granted1,120 $0.98 
Vested(113)$3.62 
Forfeited(88)$2.02 
Non-vested restricted stock units at March 31, 20224,448 $1.73