Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.22.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Stock Based Compensation  
Weighted Average Assumptions

Three Months Ended June 30, 

 

Six Months Ended June 30, 

 

    

2022

    

2021

 

    

2022

    

2021

 

Dividend yield

 

0

%  

0

%

 

0

%  

0

%

Expected volatility

 

69

%  

76

%

 

70

%  

94

%

Risk-free interest rate

 

2.90

%  

1.06

%

 

2.17

%  

0.77

%

Expected term

 

5.61 years

6.00 years

 

5.65 years

5.68 years

Stock Option Activity

Weighted

    

Weighted

Average

Average

Aggregate

Exercise

Contractual 

Intrinsic

Number of

Price

Term

Value

shares

Per Share

(in years)

(in thousands)

Outstanding at January 1, 2022

1,911,177

$

20.64

 

6.33

$

15,103

Granted

 

222,972

 

19.83

 

  

 

  

Exercised

 

(101,811)

 

8.07

 

  

 

  

Forfeited, expired or cancelled

(7,447)

 

31.04

 

  

 

  

Outstanding at June 30, 2022

2,024,891

$

21.15

 

6.31

$

16,048

Exercisable at June 30, 2022

1,571,458

$

19.94

 

5.47

$

15,414

Stock-based Compensation Expense

The following table shows total stock-based compensation expense for stock options and ESPP in the condensed consolidated statements of operations and comprehensive loss (in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

    

2022

    

2021

    

2022

    

2021

General and administrative

 

837

 

768

 

1,815

 

3,666

Total stock-based compensation expense

$

837

$

768

$

1,815

$

3,666