Capitalization

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Capitalization

9. Capitalization

As of December 31, 2021 and 2020, the authorized capital stock of the Company included 100,000,000 shares of common stock, par value $0.0001 per share, and 10,000,000 shares of preferred stock, par value $0.0001 per share. The Company’s restated certificate of incorporation and bylaws contain the rights, preferences and privileges of the Company’s stockholders and their respective shares.

In January 2021, the Company completed a public offering of 4,899,000 shares of its common stock (inclusive of 639,000 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares) at a price of $47.00 per share. The aggregate net proceeds received by the Company from the offering, inclusive of the underwriters’ option exercise, were $216.1 million, net of underwriting discounts and commissions and offering expenses payable by the Company.

Shares of common stock reserved for future issuance were as follows (in thousands):

	As of December 31,
	2021		2020
Reserved for issuance under equity incentive plans		9,755		8,659
Reserved for issuance under employee stock purchase plan		769		448
		10,524		9,107