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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock option activity

Options Outstanding

Weighted-

Average

Aggregate

Weighted-

Remaining

Intrinsic

Number

Average

Contractual

Value

    

of Shares

Exercise Price

Life (years)

(in thousands)

Balances, December 31, 2021

 

7,162,676

$

11.25

8.2

$

21

Granted

 

404,700

 

1.93

 

 

Exercised

 

(16,666)

 

4.56

 

 

Cancelled

 

(422,345)

 

10.95

 

 

Balances, June 30, 2022

 

7,128,365

$

3.87

7.8

$

19

Vested and expected to vest at June 30, 2022

 

7,128,365

$

3.87

7.8

$

19

Exercisable at June 30, 2022

 

3,984,931

$

4.58

7.0

$

10

Vested at June 30, 2022

 

3,984,931

$

4.58

7.0

$

10

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2022

    

2021

 

    

2022

    

2021

 

 

Expected life (in years)

 

5.87

 

5.87

 

5.88

 

5.97

Volatility

 

86.0

%  

89.5

%

 

85.9

%  

91.4

%

Risk-free interest rate

 

3.2

%  

1.0

%

 

3.2

%  

0.6

%

Schedule of summarizes RSU activity

Weighted-Average

Number

Grant Date

    

of Shares

Fair Value per RSU

Unvested Balances, December 31, 2021

 

867,730

$

6.15

RSUs Cancelled

 

(78,340)

 

6.15

Unvested Balances, June 30, 2022

 

789,390

$

6.15

Schedule of stock-based compensation expense The compensation expense is allocated on a departmental basis, based on the classification of the option holder, as follows (in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2022

    

2021

    

2022

    

2021

 

Research and development

$

2,639

$

1,918

$

4,707

$

4,134

General and administrative

 

2,848

 

1,964

 

5,117

 

4,148

$

5,487

$

3,882

$

9,824

$

8,282

2019 Employee Stock Purchase Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2022

    

2021

 

    

2022

    

2021

 

 

Expected life (in years)

 

0.5 - 2.0

 

0.5 - 2.0

 

0.5 - 2.0

 

0.5 - 2.0

Volatility

 

79.0 - 89.9

%  

93.9 - 107.6

%

 

79.0 - 89.9

%  

93.9 - 107.6

%

Risk-free interest rate

 

0.6 - 1.3

%  

0.1

%

 

0.6 - 1.3

%  

0.1

%