XML 50 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders' Equity - Additional Information (Details)
1 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended 12 Months Ended
Dec. 16, 2020
USD ($)
$ / shares
shares
Oct. 29, 2019
USD ($)
$ / shares
shares
Aug. 31, 2021
shares
Jan. 31, 2021
shares
Nov. 30, 2020
USD ($)
Nov. 30, 2019
$ / shares
shares
Oct. 31, 2019
shares
May 31, 2019
shares
Mar. 31, 2019
shares
Sep. 30, 2021
USD ($)
shares
Mar. 31, 2021
shares
Sep. 30, 2020
USD ($)
May 06, 2019
USD ($)
shares
Sep. 30, 2021
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
shares
Dec. 31, 2019
shares
Jan. 01, 2021
shares
Jan. 01, 2020
shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Preferred stock, shares authorized                   40,000,000       40,000,000   40,000,000      
Preferred stock, shares issued                   0       0   0      
Preferred stock, shares outstanding                   0       0   0      
Stock options, granted                           1,568,250          
Stock-based compensation cost | $                   $ 4,419,000   $ 2,070,000   $ 12,474,000 $ 3,461,000        
Common stock initially reserved for issuance                   14,887,549       14,887,549          
Unrecognized stock-based compensation expense | $                   $ 49,400,000       $ 49,400,000          
Unrecognized stock-based compensation expense, weighted-average period for recognition                           2 years 10 months 24 days          
Defined contribution plan employer contribution expense | $                   $ 100,000       $ 700,000   $ 300,000      
Defined contribution plan, employer matching contribution, percentage                   75.00%       75.00%   75.00%      
Employer discretionary match number of shares settled     18,394 8,356                              
Dividend yield                           0.00%          
Stock Options                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Dividend yield                           0.00%          
2019 Equity Incentive Plan                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Common stock, shares authorized for issuance                                 2,231,739    
Stock options, granted                                 1,400,528    
Number of shares available for issuance             0                        
2019 Equity Incentive Plan | Restricted Stock                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Stock awards, granted                                 16,260    
2019 Incentive Award Plan                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Common stock, shares authorized for issuance                               1,158,580      
Stock options, granted                           1,568,250          
Number of shares available for issuance                   1,931,919       1,931,919          
Annual increase to shares available for issuance percentage of outstanding common stock             5.00%                        
Equity plan, description             The number of shares initially available for issuance will be increased by (i) the number of shares subject to stock options or similar awards granted under the Existing Incentive Plan that expire or otherwise terminate without having been exercised in full after the effective date of the 2019 Plan and unvested shares issued pursuant to awards granted under the Existing Incentive Plan that are forfeited to or repurchased by the Company after the effective date of the 2019 Plan, with the maximum number of shares to be added to the 2019 Plan pursuant to clause (i) above equal to 1,416,788 shares, and (ii) an annual increase on January 1 of each calendar year beginning in 2020 and ending in 2029, equal to the lesser of (a) 5% of the shares of common stock outstanding on the final day of the immediately preceding calendar year and (b) such smaller number of shares as determined by the board of directors. As of September 30, 2021, 1,931,919 shares of common stock remain available for issuance, which includes 1,568,250 stock options and 130,050 performance-based units granted during the nine months ended September 30, 2021 as well as the annual increases of 1,250,511 and 1,158,580 shares that were authorized on January 1, 2021 and 2020.                        
Number of shares remain available for issuance, annual increase                                   1,250,511  
Common stock initially reserved for issuance                   1,931,919       1,931,919          
2019 Incentive Award Plan | Performance-Based Stock Units (PSU)                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Stock awards, granted                           130,050   220,000      
Stock-based compensation cost | $                           $ 0          
Unrecognized stock-based compensation expense | $                   $ 10,900,000       $ 10,900,000          
Employee Stock Purchase Plan                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Number of shares available for issuance                   842,036       842,036          
Annual increase to shares available for issuance percentage of outstanding common stock             1.00%                        
Equity plan, description             In addition, the number of shares available for issuance under the ESPP will be annually increased on January 1 of each calendar year beginning in 2020 and ending in 2029, by an amount equal to the lesser of: (i) 1% of the shares outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as is determined by the board of directors. As of September 30, 2021, 842,036 shares of common stock remain available for issuance, which includes the 30,237 shares sold to employees during the nine months ended September 30, 2021 as well as the annual increases of 312,628 and 289,645 shares that were authorized on January 1, 2021 and 2020 respectively.                        
Number of shares remain available for issuance, annual increase                                   312,628 289,645
Stock-based compensation cost | $                   $ 100,000       $ 300,000          
Common stock initially reserved for issuance             270,000     842,036       842,036          
Number of shares issued                           30,237          
Estimated weighted-average fair value | $ / shares                           $ 14.66          
Unrecognized stock-based compensation expense | $                   $ 100,000       $ 100,000          
Unrecognized stock-based compensation expense, weighted-average period for recognition                           3 months 18 days          
Dividend yield                           0.00%          
Underwritten Public Offering                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued 2,250,000                                    
Common stock, price per share | $ / shares   $ 42.00                                  
Proceeds from issuance initial public offering gross | $ $ 94,500,000                                    
Purchase price per share after deducting underwriting discounts and commissions | $ / shares $ 39.48                                    
Net proceeds after deducting underwriters commission | $ $ 88,800,000                                    
Purchase of additional offering expenses | $ $ 200,000                                    
At-the-Market Offering Program                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued                           0          
Employee and Nonemployee Director                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Estimated weighted-average fair value | $ / shares                           $ 23.20          
Open Market Sale Agreement with Jefferies LLC | At-the-Market Offering Program                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Proceeds from issuance of shares | $         $ 125,000,000.0                            
Percentage of gross sales price per share sold         3.00%                            
Common Stock                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued                         2,524,852            
Number of shares authorized to repurchase                 3,373,408                    
Stock repurchase program, number of shares right lapse                 843,352                    
Remaining number of shares to be repurchased                 2,530,056                    
Stock repurchase program, period in force                 48 months                    
Stock repurchase program expiration date                 Mar. 31, 2023                    
Proceeds from issuance of shares | $                         $ 1,000            
Repurchase right lapse each month after first anniversary, shares                         0.000208            
Repurchases of shares           17,560                          
Shares aggregate repurchase price | $ / shares           $ 5.20                          
Employer discretionary match number of shares settled                   18,394 8,356                
Common Stock | 2019 Incentive Award Plan                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Additional number of shares available for issuance             1,416,788                        
Common Stock | Employee Stock Purchase Plan                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Maximum percentage of eligible compensation contributed by participants             20.00%                        
Common Stock | IPO                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued   10,997,630                                  
Common stock, price per share | $ / shares   $ 19.00                                  
Proceeds from Initial Public Offering (IPO) | $   $ 191,500,000                                  
Common Stock | Underwritten Public Offering                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued   1,434,473                                  
Common Stock | Employees                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Remaining number of shares to be repurchased                   893,014       893,014          
Common Stock | First Anniversary                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Repurchase right lapse rate                         25.00%            
Common Stock | Takeda License                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued               1,084,000                      
Common Stock | Founders                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Remaining number of shares to be repurchased                   474,385       474,385          
Common Stock | Frazier                                      
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]                                      
Shares issued                 1,491,072