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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

 

 

 

Number of

Options and

Unvested

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted

average

remaining

contractual

life (years)

 

 

Aggregate

intrinsic

value

 

Balance at December 31, 2019

 

 

2,393,934

 

 

$

5.35

 

 

 

8.62

 

 

$

121,592,682

 

Options granted

 

 

1,710,145

 

 

 

51.16

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(124,836

)

 

 

9.89

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

(210,318

)

 

 

42.38

 

 

 

 

 

 

 

 

 

Balance at September 30, 2020

 

 

3,768,925

 

 

 

23.92

 

 

 

8.55

 

 

 

102,942,251

 

Options vested and expected to vest as of

   September 30, 2020

 

 

3,768,925

 

 

 

23.92

 

 

 

8.55

 

 

 

102,942,251

 

Options exercisable as of September 30, 2020

 

 

1,323,339

 

 

$

8.57

 

 

 

7.73

 

 

$

55,396,069

 

 

Summary of Employee and Non-Employee Stock-Based Compensation Expense

The following table summarizes employee and non-employee stock-based compensation expense for the three and nine months ended September 30, 2020 and 2019 and the allocation within the statements of operations and comprehensive loss (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

General and administrative expense

 

$

2,261

 

 

$

313

 

 

$

4,915

 

 

$

679

 

Research and development expense

 

 

1,897

 

 

 

599

 

 

 

4,596

 

 

 

800

 

Total stock-based compensation

 

$

4,158

 

 

$

912

 

 

$

9,511

 

 

$

1,479