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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense

Total stock-based compensation expense related to the Company’s equity incentive plan and employee stock purchase plan was recorded in the statements of operations as follows (in thousands):
 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2023

 

 

2022

 

Research and development

 

$

6,439

 

 

$

6,607

 

General and administrative

 

 

4,608

 

 

 

4,892

 

Total stock-based compensation expense

 

$

11,047

 

 

$

11,499

 

Summary of Company's stock awards granted

The following table summarizes the Company's stock awards granted for each of the periods indicated:

 

 

 

For the Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Grants

 

 

Weighted
Average
Grant Date
Fair Value

 

Stock options

 

 

251,100

 

 

$

16.84

 

 

 

1,859,642

 

 

$

12.85

 

Restricted stock units

 

 

19,214

 

 

$

20.06

 

 

 

374,755

 

 

$

16.06