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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes our stock option activity under our stock plans and related information:

 

 

 

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

Balance at December 31, 2019

 

 

3,887,780

 

 

$

18.38

 

Options granted

 

 

1,279,300

 

 

$

67.08

 

Options forfeited

 

 

(8,000

)

 

$

30.03

 

Options exercised

 

 

(72,833

)

 

$

6.89

 

Balance at March 31, 2020

 

 

5,086,247

 

 

$

30.78

 

Vested and expected to vest

 

 

5,086,247

 

 

$

30.78

 

Exercisable as of March 31, 2020

 

 

2,483,500

 

 

$

11.12

 

 

Summary of Stock-based Compensation Expense

The following table summarizes total stock-based compensation expense related to our 2018 Equity Incentive Plan, 2008 Equity Incentive Plan and 2018 Employee Stock Purchase Plan (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2019

 

Research and development

 

$

2,343

 

 

$

1,150

 

General and administrative

 

 

2,046

 

 

 

1,055

 

Total

 

$

4,389

 

 

$

2,205