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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Company's Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information is as follows:

 

 

 

 

 

 

 

Options Outstanding

 

 

 

Shares

Available

for Grant

 

 

Number

of Stock

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual Life

(Years)

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Balance at December 31, 2017

 

 

969,783

 

 

 

8,592,747

 

 

$

3.69

 

 

 

7.4

 

 

$

47,864

 

Additional options authorized

 

 

8,326,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(5,716,505

)

 

 

5,716,505

 

 

 

8.66

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

(1,607,108

)

 

 

2.22

 

 

 

 

 

 

 

 

 

Options canceled

 

 

801,933

 

 

 

(801,933

)

 

 

6.00

 

 

 

 

 

 

 

 

 

RSUs granted

 

 

(1,767,542

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2018

 

 

2,613,827

 

 

 

11,900,211

 

 

$

6.12

 

 

 

7.3

 

 

$

39,509

 

Vested and exercisable at September 30, 2018

 

 

 

 

 

 

4,731,731

 

 

$

3.57

 

 

 

5.1

 

 

$

27,404

 

Vested and expected to vest at September 30, 2018

 

 

 

 

 

 

11,397,852

 

 

$

6.06

 

 

 

7.2

 

 

$

38,576

 

 

Schedule of Weighted-Average Assumptions Used in Black-Scholes Option-Pricing Model to Estimate Fair Value of Employee Stock Option at Grant Date

 

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

Expected term (in years)

 

 

6.0

 

 

 

6.0

 

Expected volatility%

 

60.4%

 

 

66.9%

 

Risk-free interest rate%

 

2.8%

 

 

2.1%

 

Expected dividend yield%

 

 

0.0%

 

 

 

0.0%

 

 

Summary of Restricted Stock Units

 

 

RSUs

 

 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Unvested at December 31, 2017

 

 

 

 

$

 

 

RSUs granted

 

 

1,767,542

 

 

 

9.65

 

 

RSUs vested

 

 

(20,109

)

 

 

10.31

 

 

Unvested at September 30, 2018

 

 

1,747,433

 

 

$

9.64

 

 

Vested and unreleased

 

 

130,889

 

 

 

 

 

 

Outstanding at September 30, 2018

 

 

1,878,322

 

 

 

 

 

 

 

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations and comprehensive loss is classified as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Research and development

 

$

511

 

 

$

221

 

 

$

1,061

 

 

$

602

 

Selling and marketing

 

 

234

 

 

 

70

 

 

 

555

 

 

 

193

 

General and administrative

 

 

6,434

 

 

 

693

 

 

 

8,436

 

 

 

1,971

 

Total stock-based compensation expense

 

$

7,179

 

 

$

984

 

 

$

10,052

 

 

$

2,766