XML 49 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Employee and Non-Employee Stock Option Activity

 

The following table summarizes employee and non-employee stock option activity for the year ended December 31, 2018:

 

 

 

Shares

Issuable

Under

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Outstanding as of December 31, 2017

 

 

2,361,360

 

 

$

5.21

 

 

 

8.72

 

 

$

2,482

 

Granted

 

 

1,668,800

 

 

 

8.03

 

 

 

 

 

 

 

 

 

Exercised

 

 

(521,665

)

 

 

5.42

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(365,808

)

 

 

5.20

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2018

 

 

3,142,687

 

 

$

6.67

 

 

 

8.52

 

 

$

4,798

 

Options vested and expected to vest

   as of December 31, 2018

 

 

2,939,785

 

 

$

6.49

 

 

 

8.45

 

 

$

4,786

 

Options exercisable as of December 31, 2018

 

 

1,160,819

 

 

$

5.85

 

 

 

7.68

 

 

$

2,470

 

Summary of Employee and Non-Employee Restricted Stock Activity

The following table summarizes employee and non-employee restricted stock activity for the year ended December 31, 2018:

 

 

 

Shares

 

 

Weighted

Average

Grant

Date Fair

Value

 

Unvested restricted common stock as of December 31, 2017

 

 

33,307

 

 

$

1.84

 

Granted

 

 

 

 

 

 

Vested

 

 

(26,444

)

 

 

1.87

 

Forfeited

 

 

 

 

 

 

Unvested restricted common stock as of December 31, 2018

 

 

6,863

 

 

$

1.73

 

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized from the Company’s equity incentive plans, 2018 Plan, and the 2016 ESPP for the years ended December 31, 2018, 2017, and 2016 was as follows (in thousands):

 

 

 

Year Ended

December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

 

 

Employees

 

 

Non-Employees

 

 

Employees

 

 

Non-Employees

 

 

Employees

 

 

Non-Employees

 

Research and development

 

$

1,440

 

 

$

234

 

 

$

961

 

 

$

 

 

$

389

 

 

$

 

General and administrative

 

 

2,606

 

 

 

 

 

 

1,531

 

 

 

 

 

 

832

 

 

 

 

Total stock-based

    compensation expense

 

$

4,046

 

 

$

234

 

 

$

2,492

 

 

$

 

 

$

1,221

 

 

$

 

Summary of Weighted-Average Assumptions Used in Calculating Fair Value of Awards The following table summarizes the weighted-average assumptions used in calculating the fair value of the awards:

 

 

 

Year Ended

December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

2018 Plan, 2016 Plan, and 2015 Plan

 

 

 

 

 

 

 

 

 

 

 

 

Expected term (in years)

 

 

5.20

 

 

 

5.88

 

 

 

5.99

 

Expected volatility

 

 

74

%

 

 

86

%

 

 

87

%

Risk-free interest

 

 

2.42

%

 

 

2.00

%

 

 

1.28

%

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

2016 ESPP

 

 

 

 

 

 

 

 

 

 

 

 

Expected term (in years)

 

 

0.50

 

 

 

0.50

 

 

 

0.45

 

Expected volatility

 

 

66

%

 

 

78

%

 

 

82

%

Risk-free interest

 

 

2.20

%

 

 

1.06

%

 

 

0.50

%

Dividend yield

 

 

0

%

 

 

0

%

 

 

0

%