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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 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

 

(727,692)

 

8.69

 

 

Balances, September 30, 2022

 

6,823,018

$

3.79

7.5

$

8

Vested and expected to vest at September 30, 2022

 

6,823,018

$

3.79

7.5

$

8

Exercisable at September 30, 2022

 

4,252,602

$

4.32

6.8

$

8

Vested at September 30, 2022

 

4,252,602

$

4.32

6.8

$

8

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

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

 

    

2022

    

2021

 

 

Expected life (in years)

 

 

6.01

 

5.88

 

5.97

Volatility

 

%  

90.0

%

 

85.9

%  

91.4

%

Risk-free interest rate

 

%  

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 Vested

(384,390)

6.15

RSUs Cancelled

 

(130,720)

 

6.15

Unvested Balances, September 30, 2022

 

352,620

$

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 September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

 

Research and development

$

1,869

$

1,946

$

6,576

$

6,080

General and administrative

 

2,015

 

1,907

 

7,132

 

6,055

$

3,884

$

3,853

$

13,708

$

12,135

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 September 30, 

Nine Months Ended September 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

 

88.0 - 96.7

%  

91.1 - 98.5

%

 

79.0 - 96.7

%  

91.1 - 107.6

%

Risk-free interest rate

 

3.3 - 3.5

%  

0.1 - 0.2

%

 

0.6 - 3.5

%  

0.1 - 0.2

%