Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity

The summary of restricted stock unit ("RSU") activity is as follows (in thousands, except per share data):

 

 

 

Number of Units

 

 

Weighted-Average Grant Date Fair Value Per Share

 

 

Aggregate Intrinsic Value (in thousands)

 

Balances—December 31, 2021

 

 

10,032,871

 

 

$

8.60

 

 

$

73,240

 

Granted

 

 

10,132,289

 

 

$

5.92

 

 

 

 

Vested

 

 

(871,778

)

 

$

8.15

 

 

 

 

Forfeited

 

 

(328,460

)

 

$

8.08

 

 

 

 

Balances—March 31, 2022

 

 

18,964,922

 

 

$

7.19

 

 

$

125,548

 

 
Summary of stock-based compensation expense

The following sets forth the total stock-based compensation expense for the Company’s stock options included in the Company’s condensed consolidated statements of operations (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,
2022

 

 

March 31,
2021

 

Research and development expenses

 

$

14,722

 

 

$

3,119

 

Selling, general and administrative expenses

 

 

4,707

 

 

 

1,689

 

Total stock-based compensation expense

 

$

19,429

 

 

$

4,808