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

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

    

2022 (1)

    

2021

 

    

2022

    

2021

 

Dividend yield

 

n/a

0

%

 

0

%  

0

%

Expected volatility

 

n/a

71

%

 

70

%  

90

%

Risk-free interest rate

 

n/a

0.85

%

 

2.17

%  

0.79

%

Expected term

 

n/a

5.61 years

 

5.65 years

5.67 years

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

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

 

(128,811)

 

7.22

 

  

 

  

Forfeited, expired or cancelled

(48,600)

 

64.55

 

  

 

  

Outstanding at September 30, 2022

1,956,738

$

20.34

 

6.21

$

10,284

Exercisable at September 30, 2022

1,572,356

$

19.09

 

5.53

$

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):

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

Total stock-based compensation expense included in G&A

$

806

$

779

$

2,620

$

4,445