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
Stock Based Compensation  
Weighted Average Assumptions

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Three Months Ended September 30, 

 

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Nine Months Ended September 30, 

 

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2022 (1)

    

2021

 

    

2022

    

2021

 

Dividend yield

 

n/a

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0

%

 

0

%  

0

%

Expected volatility

 

n/a

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71

%

 

70

%  

90

%

Risk-free interest rate

 

n/a

​

0.85

%

 

2.17

%  

0.79

%

Expected term

 

n/a

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5.61 years

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5.65 years

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5.67 years

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(1)No stock options were granted during the three months ended September 30, 2022.

Stock Option Activity

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Weighted

    

Weighted

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Average

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Average

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Aggregate

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Exercise

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Contractual 

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Intrinsic

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Number of

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Price

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Term

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Value

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shares

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Per Share

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(in years)

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(in thousands)

Outstanding at January 1, 2022

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1,911,177

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$

20.64

 

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6.33

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$

15,103

Granted

 

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222,972

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19.83

 

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Exercised

 

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(128,811)

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7.22

 

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Forfeited, expired or cancelled

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(48,600)

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64.55

 

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Outstanding at September 30, 2022

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1,956,738

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$

20.34

 

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6.21

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$

10,284

Exercisable at September 30, 2022

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1,572,356

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$

19.09

 

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5.53

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$

10,282

Stock-based Compensation Expense

All stock-based compensation expense is recorded in G&A 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):

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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2022

    

2021

    

2022

    

2021

Total stock-based compensation expense included in G&A

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$

806

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$

779

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$

2,620

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$

4,445