Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes stock option activity for the six months ended June 30, 2023:


		Options				Weighted-Average Exercise Price
Outstanding as of December 31, 2022			5,396,719			$	11.64
Granted			2,764,064			$	7.76
Exercised			(7,796	)		$	0.56
Forfeited			(139,914	)		$	12.56
Balance at June 30, 2023			8,013,073			$	10.30

Stock-Based Compensation Expense Reported in Condensed Statements of Operations

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


		Three Months Ended June 30,								Six Months Ended June 30,
		2023				2022				2023				2022
Research and development		$	1,619			$	1,212			$	3,101			$	2,248
General and administrative			2,100				1,405				4,044				2,729
Total		$	3,719			$	2,617			$	7,145			$	4,977