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Share-based compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based compensation [Abstract]  
Share-based compensation plans outstanding

The following table summarizes equity-settled share option grants for plans that existed during the period:

PLAN
 
Number of
options awarded
(since inception)
 
 
Vesting conditions
 
 
Contractual
life of options
Share option plan C1
   
6,775,250
 
4 years’ service from grant date
 
10 years
2016 SOIP:
               
Executives and directors
   
2,643,984
 
1 year, 3 year and 4 years’ service from the date of grant, quarterly and annually
 
10 years
Employees
   
1,354,431
 
4 years’ service from the date of grant, annually
 
10 years
Number and weighted average exercise prices of options under share option programs

The number and weighted-average exercise prices (in CHF) of options under the share option programs for Plans C1 and the 2016 SOIP are as follows:

   
Number of
options
   
Weighted-
average
exercise
price (CHF)
   
Weighted-
average
remaining
term (years)
 
Outstanding at January 1, 2019
   
1,618,856
     
4.25
     
6.3
 
Forfeited during the year
   
(73,699
)
   
6.71
     
 
Exercised during the year
   
(616,833
)
   
0.15
     
 
Granted during the year
   
1,053,305
     
5.24
     
 
Outstanding at December 31, 2019
   
1,981,629
     
5.93
     
8.3
 
Exercisable at December 31, 2019
   
602,218
     
4.94
     
6.5
 
Outstanding at January 1, 2020
   
1,981,629
     
5.93
     
8.3
 
Forfeited during the year
   
(53,591
)
   
6.03
     
 
Expired during the year     (26,729 )     4.38
     
 
Exercised during the year
   
(73,669
)
   
2.00
     
 
Granted during the year
   
1,073,027
     
6.29
     
 
Outstanding at December 31, 2020
   
2,900,667
     
5.90
     
8.2
 
Exercisable at December 31, 2020
   
1,099,015
     
5.49
     
7.0
 
Outstanding at January 1, 2021
   
2,900,667
     
5.90
     
8.2
 
Forfeited during the year
   
(207,331
)
   
6.13
     
 
Exercised during the year
   
(218,561
)
   
4.97
     
 
Granted during the year
   
1,110,914
     
6.34
     
 
Outstanding at December 31, 2021
   
3,585,689
     
6.21
     
7.8
 
Exercisable at December 31, 2021
   
1,613,242
     
6.13
     
6.8
 
Outstanding options, exercise price range and expiry dates

The outstanding stock options as of December 31, 2021 have the following range of exercise prices:

   
Total options
   
Range of
expiration
dates
 
Range of exercise prices
           
CHF 0.15
   
208,125
     
20222026
 
CHF 9.53
   
223,646
     
2027
 
USD 5.04 to USD 12.30
   
3,153,918
     
20282031
 
Total outstanding options
   
3,585,689
         
Weighted-average assumptions


The weighted-average grant date fair values of the options granted in 2021, 2020 and 2019 are USD 5.23 (CHF 4.78), USD 5.25 (CHF 4.65) and USD 3.71 (CHF 3.59), respectively. The following table illustrates the weighted-average assumptions for the Black-Scholes option-pricing model used in determining the fair value of these awards:

   
For the Years Ended
December 31,
 
   
2021
   
2020
   
2019
 
Exercise price (USD)
 
 5.31-7.72
   
 5.04-9.16
   
 5.15-5.54
 
Share price (weighted average)
   
6.95
     
7.11
     
5.41
 
Risk-free interest rate
   
0
 %    
0
 %    
0
 %
Expected volatility
   
80
%
   
80
%
   
80
%
Expected term (in years)
 
5.1-6
   
5.5-6
   
5.5-6
 
Dividend yield
   

     
     
 
Summary of non-vested share awards (restricted share and restricted share units)

A summary of non-vested share awards (restricted share and restricted share units) activity as of December 31, 2021 and changes during the year then ended is presented below:

Grantee type
 
Number of
non-vested
share
awards
granted
 
 
Vesting conditions
 
Contractual
life of non-
vested
share
awards
Restricted share units
             
Directors
   
83,864
 
1 year service from date of grant, annually
 
10 years
Executives
   
110,839
 
4 years’ service from the date of grant, quarterly
 
10 years

   
Number of
non-vested
shares
   
Weighted-
average
grant date fair
value (CHF)
 
Non-vested at January 1, 2019
   
109,041
     
9.51
 
Forfeited during the year
   
     
 
Granted during the year
   
     
 
Vested during the year
   
(66,278
)
   
9.51
 
Non-vested at December 31, 2019
   
42,763
     
9.52
 
Vested and exercisable at December 31, 2019
   
130,290
     
9.58
 
Non-vested at December 31, 2019
   
42,763
     
9.52
 
Forfeited during the year
   
(11,828
)
   
9.47
 
Expired during the year
    (7,804 )     9.52  
Exercised during the year     (84,638 )     9.51
 
Granted during the year
   
     

 
Vested during the year
   
(23,269
)
   
9.52
 
Non-vested at December 31, 2020
   
19,494
     
9.51
 
Vested and exercisable at December 31, 2020
   
49,289
     
9.47
 
Non-vested at December 31, 2020
   
19,494
     
9.51
 
Exercised during the year
   
(2,471
)
   
9.46
 
Vested during the year
   
(18,697
)
   
9.52
 
Non-vested at December 31, 2021
   
797
     
9.41
 
Vested and exercisable at December 31, 2021
   
65,515
     
9.48