Equity (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Assumptions Used to Determine Fair Value of Stock Options Granted

The fair value of the stock options granted during the nine months ended September 30, 2020 was determined using the Black-Scholes option pricing model with the following assumptions:

	September 30, 2020
Expected volatility	70.3%-74.7%
Expected term (years)	5.3-7.0
Risk free interest rate	0.3%-1.6%
Expected dividend yield	0%
Exercise price	$24.75-$50.00

Summary of Restricted Stock Grant Activity

The following table provides a summary of the restricted stock grant activity under the Incentive Plan during the nine months ended September 30, 2020. These amounts include restricted stock granted to employees, directors and consultants.

	Shares			Weighted Average Grant Date Fair Value Per Share
Unvested restricted stock at December 31, 2019		576,074		$	16.00
Vested		(249,719	)	$	16.00
Forfeited		(11,544	)	$	16.00
Unvested restricted stock at September 30, 2020		314,811		$	16.00

Summary of Stock Option Activity

The following table provides a summary of the stock option activity under the 2018 Plan during the nine months ended September 30, 2020. These amounts include stock options granted to employees, directors and consultants.

	Options			Weighted Average Fair Value
Outstanding at December 31, 2019		3,432,198		$	11.32
Granted		1,341,727		$	28.20
Exercised		(165,463	)	$	10.76
Forfeited		(79,855	)	$	16.68
Outstanding at September 30, 2020		4,528,607		$	16.25
Exercisable at September 30, 2020		1,721,470		$	10.82

Restricted Stock Units

Summary of Restricted Stock Grant Activity

The following table provides a summary of the restricted stock unit activity under the 2018 Plan during the nine months ended September 30, 2020. These amounts include restricted stock units granted to employees.

	Shares			Weighted Average Grant Date Fair Value Per Share
Unvested restricted stock units at December 31, 2019		181,372		$	20.00
Vested		(45,346	)	$	20.00
Forfeited		(2,977	)	$	19.36
Unvested restricted stock units at September 30, 2020		133,049		$	20.01