Equity Incentive Plan and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Total Stock-Based Compensation

The following table summarizes the components of stock-based compensation expense recognized in the Company’s condensed statements of operations and comprehensive loss during the three and nine months ended September 30, 2022 and 2021 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Research and development expenses	$	446	$	154	$	1,087	$	222
General and administrative expenses		782		199		1,832		318
Total	$	1,228	$	353	$	2,919	$	540

Summary of Stock Plan Activity

A summary of the stock plan activity is as follows:

	Total Options Outstanding			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life		Aggregate Intrinsic Value
Outstanding at December 31, 2021		1,589,120		$	5.95		9.27	$	5,482
Granted		911,203			16.18
Exercised		—			—
Forfeited		(31,832	)		6.60
Outstanding at September 30, 2022		2,468,491		$	9.72		8.92	$	18,917
Exercisable as of September 30, 2022		808,786		$	6.15		8.42	$	9,079