Stock-Based Compensation (Tables) |
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Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Stock Option Activity | A summary of the Company’s stock option activity and related information is as follows (in thousands, except share and per share amounts):
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Summary of RSU Activity | A summary of the Company’s RSU activity and related information is as follows (in thousands, except share and per share amounts):
For the year ended December 31, 2022, the weighted average fair value of RSUs granted was $1.24 per share. The total fair value of RSUs vested was $0.9 million and $0.3 million for the years ended December 31, 2023 and 2022, respectively. The aggregate intrinsic value of RSUs outstanding as of December 31, 2023 and 2022 was $10.2 million and $2.2 million, respectively. |
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Summary of Stock-Based Compensation Expense Related to Stock Options, RSUs and ESPP | The following table summarizes stock-based compensation expense related to stock options, RSUs and ESPP that is included in the Company’s statements of operations and comprehensive loss (in thousands):
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2020 Employee Stock Purchase Plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Weighted-Average Assumptions to Estimate Fair Value of Stock Options and Purchase Rights Under ESPP Using the Black-Scholes Option-Pricing Model | The Company estimated the fair value of stock options and purchase rights under ESPP using the Black-Scholes option-pricing model, with the following weighted-average assumptions:
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