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Equity Incentive Awards (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following table summarizes the Company’s option activity and related information:

 

 

Number of

Options

(in thousands)

 

 

Weighted-

Average

Exercise Price

 

Balance at December 31, 2018

 

6,447

 

 

$

5.83

 

Options granted

 

4,265

 

 

 

7.13

 

Options exercised

 

(1,133

)

 

 

2.31

 

Options cancelled

 

(924

)

 

 

3.77

 

Balance at September 30, 2019

 

8,655

 

 

$

7.15

 

Exercisable as of September 30, 2019

 

3,563

 

 

$

7.59

 

 

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSUs activity and related information:

 

 

 

Number of Units

(in thousands)

 

 

Weighted-

Average Grant-

Date Fair Value

 

Outstanding at December 31, 2018

 

 

2,397

 

 

$

9.23

 

Granted

 

 

250

 

 

 

3.95

 

Vested and released

 

 

(676

)

 

 

4.88

 

Forfeited

 

 

(834

)

 

 

4.75

 

Outstanding at September 30, 2019

 

 

1,137

 

 

$

4.66

 

Stock-Based Compensation Expense

The following table presents, by operating expense, the Company’s stock-based compensation expense:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

(In thousands)

 

Research and development

$

1,352

 

 

$

1,693

 

 

$

2,829

 

 

$

4,892

 

General and administrative

 

1,309

 

 

 

1,303

 

 

 

4,220

 

 

 

7,358

 

Total stock-based compensation expense

$

2,661

 

 

$

2,996

 

 

$

7,049

 

 

$

12,250