Quarterly report pursuant to Section 13 or 15(d)

Stock Plan and Stock-Based Compensation

v3.19.1
Stock Plan and Stock-Based Compensation
3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Plan and Stock-Based Compensation

7. Stock Plan and Stock-Based Compensation

Stock Plan

In accordance with the provisions of the Company’s 2013 Equity Incentive Plan (2013 Plan), the Board of Directors reduced the automatic increase in the share reserve to 2,378,259 shares, which were automatically available for issuance on January 1, 2019. During the three months ended March 31, 2019, the Company granted options to purchase 1,834,060 shares of its common stock to its employees and directors. As of March 31, 2019, there were 1,855,694 shares available for grant under the 2013 Plan.

Stock-Based Compensation Expense

Stock-based compensation expense is included in the condensed consolidated statements of operations and comprehensive loss and is as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Research and development

 

$

1,112

 

 

$

649

 

General and administrative

 

 

1,230

 

 

 

1,147

 

Total stock-based compensation expense

 

$

2,342

 

 

$

1,796