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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Share-Based Compensation Expense

Total stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

2,690

 

 

$

715

 

 

$

4,765

 

 

$

1,294

 

General and administrative

 

 

3,146

 

 

 

1,522

 

 

 

6,572

 

 

 

2,743

 

Total

 

$

5,836

 

 

$

2,237

 

 

$

11,337

 

 

$

4,037

 

 

Summary of Restricted Stock Unit Activity

The following table provides a summary of restricted stock unit activity under the 2020 Plan:

 

 

Number of RSUs

 

 

Weighted-
Average
Grant Date
Fair Value

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Aggregate Intrinsic Value
(in thousands)

 

Restricted stock units as of December 31, 2021

 

 

15,075

 

 

$

58.56

 

 

 

1.8

 

 

$

324

 

Granted

 

 

504,200

 

 

 

15.20

 

 

 

 

 

 

 

Vested

 

 

(1,888

)

 

 

58.56

 

 

 

 

 

 

 

Canceled/forfeited

 

 

(23,825

)

 

 

16.16

 

 

 

 

 

 

 

Restricted stock units as of June 30, 2022

 

 

493,562

 

 

$

16.31

 

 

 

1.9

 

 

$

3,993