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Net Loss per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Net Loss per Share
(11)
Net Loss per Share

The following table sets forth the calculation of basic and diluted net loss per share:

 

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands, except share and per
share data)

 

Numerator:

 

 

 

 

 

 

Net loss attributable to common stockholders of Cullinan

 

$

(12,098

)

 

$

(70

)

Denominator

 

 

 

 

 

 

Total weighted-average shares used in computing net loss per share, basic and diluted

 

 

44,431,657

 

 

 

41,977,336

 

Net loss per share:

 

$

(0.27

)

 

$

(0.00

)

 

The following table sets forth equity instruments that 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 of March 31,

 

 

 

2022

 

 

2021

 

Restricted stock awards

 

 

73,448

 

 

 

242,411

 

Stock options

 

 

9,985,444

 

 

 

6,600,953

 

Estimated shares issuable under the ESPP

 

 

6,922

 

 

 

10,101

 

Total

 

 

10,065,814

 

 

 

6,853,465