Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.22.2.2
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity

The activity for the Company’s 2009 Stock Option Plan, 2014 Plan, and 2015 Plan, for the nine months ended September 30, 2022, is summarized as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (in years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding — December 31, 2021

 

 

1,542,126

 

 

$

14.89

 

 

 

7.45

 

 

$

42

 

Granted

 

 

664,000

 

 

$

4.15

 

 

 

 

 

 

 

Forfeited/Cancelled

 

 

(81,124

)

 

$

7.42

 

 

 

 

 

 

 

Outstanding — September 30, 2022

 

 

2,125,002

 

 

$

11.82

 

 

 

7.61

 

 

$

49

 

Exercisable — September 30, 2022

 

 

1,052,080

 

 

$

18.11

 

 

 

6.30

 

 

$

 

Vested or expected to vest — September 30, 2022

 

 

2,125,002

 

 

$

11.82

 

 

 

7.61

 

 

$

49

 

Schedule of Restricted Stock Units ("RSU") Activity

Restricted stock unit (“RSU”) activity under the 2014 Plan and 2015 Plan for the nine months ended September 30, 2022, is summarized as follows:

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
Per Share

 

Non-vested at December 31, 2021

 

 

133,834

 

 

$

7.98

 

Granted

 

 

943,465

 

 

$

5.35

 

Vested

 

 

(48,131

)

 

$

8.29

 

Forfeited

 

 

(39,153

)

 

$

6.28

 

Non-vested at September 30, 2022

 

 

990,015

 

 

$

5.52

 

Stock-Based Compensation Expense Related to Stock Options

Stock-based compensation expense related to stock options is included in the following line items in the accompanying unaudited condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

327

 

 

$

174

 

 

$

955

 

 

$

436

 

Selling, general and administrative

 

 

710

 

 

 

414

 

 

 

2,104

 

 

 

1,092

 

Total

 

$

1,037

 

 

$

588

 

 

$

3,059

 

 

$

1,528