Ordinary Shares

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Ordinary Shares

Ordinary SharesDuring the three months ended March 31, 2022, the Company issued in total 376,158 ordinary shares to settle share options exercised by employees and non-employees compared to 813,555 in the three months ended March 31, 2021. Of the shares issued in the three months ended March 31, 2021, 232,227 were related to options exercised in 2020 for which shares were delivered in 2021.

During the three months ended March 31, 2022, a total of 68,534 ordinary shares were issued in settlement of restricted share units, of which 10,659 vested and were issued during the three months ended March 31, 2022 and 57,875 vested but had not been issued at December 31, 2021. No restricted share units vested or were issued in the three months ended March 31, 2021.

Each ordinary share entitles the holder to one vote on all matters submitted to a vote of the Company’s shareholders. Ordinary shareholders are entitled to receive dividends, if any, as may be declared by the board of directors. Through March 31, 2022, no cash dividends had been declared or paid by the Company.