v3.24.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-based Awards Activity Under the 2008 Plan, 2015 Plan and Inducement Plan

The following table provides a summary of stock-based awards activity for the nine months ended September 30, 2024:

Stock Options:

 

Outstanding at December 31, 2023

 

 

9,633,067

 

Granted

 

 

440,000

 

Exercised

 

 

(433,047

)

Expired/cancelled/forfeited

 

 

(161,524

)

Outstanding at September 30, 2024

 

 

9,478,496

 

The total compensation cost related to non-vested stock options not yet recognized as of September 30, 2024, was $7.4 million, which will be recognized over a weighted-average period of approximately 2.9 years.

RSUs:

 

Outstanding at December 31, 2023

 

 

3,488,250

 

Granted

 

 

447,500

 

Vested

 

 

(79,688

)

Forfeited

 

 

(102,500

)

Outstanding at September 30, 2024

 

 

3,753,562

 

Stock-based Compensation Expense included in Accompanying Statements of Operations and Comprehensive Loss

Stock-based compensation expense is included in the following line items in the accompanying statements of operations and comprehensive loss for the three and nine months ended September 30, 2024 and 2023 (in thousands):

 

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Research and development

 

$

1,076

 

 

$

329

 

 

$

2,980

 

 

$

863

 

General and administrative

 

 

1,295

 

 

 

666

 

 

 

3,844

 

 

 

1,954

 

Total stock-based compensation

 

$

2,371

 

 

$

995

 

 

$

6,824

 

 

$

2,817