Net Loss per Share

12 Months Ended

Dec. 31, 2021

(12)

Net Loss per Share

The following table sets forth the calculation of basic and diluted net loss per share as if the Reorganization occurred at the earliest period presented:


	Year ended December 31,
	2021			2020(1)
	(in thousands, except share and per share data)
Numerator:
Net loss attributable to common stockholders of Cullinan	$	(65,570	)	$	(51,799	)
Denominator
Total weighted-average shares used in computing net loss per share, basic and diluted		43,077,330			19,887,307
Net Loss per share:	$	(1.52	)	$	(2.60	)

(1) The shares and per share amounts for the year ended December 31, 2020 were derived from the consolidated financial statements as of that date and were retroactively adjusted as a result of the Reorganization and Reverse Stock Split. See Note 3 to the for additional details.

The following table sets forth equity instruments were excluded from the computation of the diluted net loss per share for the periods presented because their effect would have been anti-dilutive as if the Reorganization occurred at the earliest period presented:


	Year ended December 31,
	2021		2020
Stock options		9,258,739		4,603,137
Restricted stock awards		88,883		364,360
Total		9,347,622		4,967,497