Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2023

Net Loss Per Share Attributable to Common Stockholders

Note 11. Net Loss Per Share Attributable to Common Stockholders

Basic and diluted net loss per share is computed by dividing net loss by the weighted-average number of common stock and pre-funded warrants outstanding for the period. Shares of common stock into which the pre-funded warrants may be exercised are considered outstanding for the purposes of computing net loss per share because the shares may be issued for little or no consideration, are fully vested, and are exercisable after the original issuance date. For periods in which the Company generated a net loss, the Company does not include the potential impact of dilutive securities in diluted net loss per share, as the impact of these items is anti-dilutive.

The following equity instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:


	March 31,
	2023		2022
Stock options		5,972,087		5,538,692
Estimated shares issuable under the employee stock purchase plan		58,251		16,138
Unvested restricted stock units		350,814		715,397
Total		6,381,152		6,270,227