Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis

The following tables set forth the financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2022 and December 31, 2021 (in thousands):

	March 31, 2022
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents:
Money market funds⁽¹⁾	$	57,097	$	57,097	$	—	$	—
Commercial paper⁽¹⁾		127,973		—		127,973		—
Total cash equivalents		185,070		57,097		127,973		—
Marketable securities:
U.S. treasuries⁽²⁾		167,039		167,039		—		—
Total financial assets	$	352,109	$	224,136	$	127,973	$	—

	December 31, 2021
	Total Fair Value		Level 1		Level 2		Level 3
Financial assets:
Money market funds⁽¹⁾	$	376,976	$	376,976	$	—	$	—

⁽¹⁾

Included within cash and cash equivalents on the condensed balance sheet.

⁽²⁾

Included within investments in marketable securities, current and investments in marketable securities, non-current on the condensed balance sheet.