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Common Stock
9 Months Ended
Sep. 30, 2017
Stockholders Equity Note [Abstract]  
Common Stock

 

9.Common Stock

 

We were authorized to issue 300,000,000 shares of common stock with a par value of $0.0001 per share as of September 30, 2017 and December 31, 2016. Each share of common stock is entitled to one vote. The holders of common stock are also entitled to receive dividends out of funds legally available therefore, when and if declared by the board of directors, subject to the approval and priority rights of holders of all classes of preferred stock outstanding.

 

As of September 30, 2017 and December 31, 2016, we reserved shares of common stock for issuance as follows:

 

 

 

 

 

 

 

    

 

    

 

 

    

September 30, 

    

December 31,

 

 

2017

 

2016

Options outstanding

 

7,896,734

 

9,835,992

Unvested restricted stock units outstanding

 

13,241,111

 

10,474,975

Unvested early exercised stock options

 

 —

 

2,471

Shares available for grant under the 2014 Equity Incentive Plan and 2015 Inducement Plan

 

2,521,805

 

4,199,415

Shares available for purchase under the Employee Stock Purchase Plan

 

990,501

 

575,974

Total

    

24,650,151

    

25,088,827