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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity during the six months ended June 30, 2022 is as follows:

 

 

Number of
Units
Outstanding

 

 

Weighted
Average
Strike Price
per Unit

 

 

Weighted
Average
Remaining
Contractual
Term
(in years)

 

 

Aggregate
Intrinsic
Value
(in thousands)

 

Outstanding at December 31, 2021

 

 

8,590,411

 

 

$

5.48

 

 

 

8.8

 

 

$

6,196

 

Granted

 

 

4,347,646

 

 

$

1.08

 

 

 

 

 

 

 

Exercised

 

 

(65,862

)

 

$

1.50

 

 

 

 

 

 

 

Forfeited

 

 

(2,200,917

)

 

$

5.30

 

 

 

 

 

 

 

Expired

 

 

(422,657

)

 

$

4.51

 

 

 

 

 

 

 

Outstanding at June 30, 2022

 

 

10,248,621

 

 

$

3.72

 

 

 

9.0

 

 

$

 

Exercisable at June 30, 2022

 

 

2,804,018

 

 

$

5.33

 

 

 

8.1

 

 

$

 

Nonvested at June 30, 2022

 

 

7,444,603

 

 

$

3.11

 

 

 

9.4

 

 

$

 

Summary of Restricted Stock Unit Activity

A summary of RSU activity during the six months ended June 30, 2022 is as follows:

 

 

Number of Units
Outstanding

 

 

Weighted Average Grant Date
Fair Value (per RSU)

 

Outstanding at December 31, 2021

 

 

407,720

 

 

$

5.72

 

Granted

 

 

324,300

 

 

$

1.24

 

Vested

 

 

 

 

$

 

Forfeited

 

 

(132,105

)

 

$

5.51

 

Outstanding at June 30, 2022

 

 

599,915

 

 

$

3.35

 

Components of Stock-based Compensation Expense

The following table summarizes the components of stock-based compensation expense recorded in the Company’s statement of operations and comprehensive loss (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

234

 

 

$

558

 

 

$

809

 

 

$

1,181

 

Selling, general and administrative

 

 

1,011

 

 

 

1,233

 

 

 

1,981

 

 

 

2,382

 

Total stock-based compensation

 

$

1,245

 

 

$

1,791

 

 

$

2,790

 

 

$

3,563