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Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

 

The following table summarizes stock option activity during the three months ended March 31, 2019:

 

 

 

Shares Subject to

Options Outstanding

 

 

Weighted-

Average

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

Average

Exercise

 

 

Contractual

Life

 

 

Aggregate

 

 

 

Shares

 

 

Price

 

 

(Years)

 

 

Intrinsic Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

 

Outstanding as of December 31, 2018

 

 

5,107,329

 

 

$

7.51

 

 

 

9.7

 

 

$

16,343

 

Options granted

 

 

2,390,144

 

 

$

21.74

 

 

 

 

 

 

 

 

 

Option exercised

 

 

(27,500

)

 

$

2.61

 

 

 

 

 

 

 

 

 

Options forfeited/cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of March 31, 2019

 

 

7,469,973

 

 

$

12.08

 

 

 

9.6

 

 

$

72,708

 

Options vested and exercisable as of March 31, 2019

 

 

160,682

 

 

$

3.20

 

 

 

8.9

 

 

$

2,968

 

Summary of Restricted Stock Activity

The summary of the Company’s restricted stock activity is as follows:

 

 

 

Number of

 

 

Weighted-

 

 

 

Restricted

 

 

Average

 

 

 

Stock Units

 

 

Grant Date

 

 

 

Outstanding

 

 

Fair Value

 

Nonvested at December 31, 2018

 

 

7,482,032

 

 

$

4.01

 

Granted

 

 

 

 

 

 

Vested

 

 

(1,619,592

)

 

$

4.31

 

Forfeited

 

 

 

 

 

 

Nonvested at March 31, 2019

 

 

5,862,440

 

 

$

3.92

 

Stock-Based Compensation Expense Reported in Condensed Consolidated Statements of Operations

Stock-based compensation expense has been reported in the Company’s condensed consolidated statements of operations as follows (in thousands):

 

 

 

Three months ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Research and development

 

$

1,293

 

 

$

4

 

General and administrative

 

 

1,796

 

 

 

601

 

Total stock-based compensation

 

$

3,089

 

 

$

605