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Net Loss per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share data):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(66,632

)

 

$

(75,970

)

 

$

(134,625

)

 

$

(148,563

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

71,814,232

 

 

 

71,094,199

 

 

 

71,506,216

 

 

 

69,792,730

 

Less: weighted-average common shares subject to vesting

 

 

-

 

 

 

(1,348,902

)

 

 

-

 

 

 

(1,371,644

)

Weighted-average common shares used to compute basic and diluted
net loss per share

 

 

71,814,232

 

 

 

69,745,297

 

 

 

71,506,216

 

 

 

68,421,086

 

Net loss per share: basic and diluted

 

$

(0.93

)

 

$

(1.09

)

 

$

(1.88

)

 

$

(2.17

)

Summary of Outstanding Potentially Dilutive Securities Excluded from Computation of Diluted Net Loss per Share

The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share because including them would have been antidilutive:

 

 

As of June 30,

 

 

 

2022

 

 

2021

 

Common stock options issued and outstanding

 

 

12,404,112

 

 

 

12,508,782

 

Restricted stock units issued

 

 

1,397,281

 

 

 

1,330,120

 

Employee Stock Purchase Plan shares

 

 

135,040

 

 

 

169,326

 

Unvested early exercised common stock options

 

 

-

 

 

 

73,618

 

Unvested restricted common stock issued as
  part of collaboration agreement

 

 

-

 

 

 

1,257,651

 

Total

 

 

13,936,433

 

 

 

15,339,497