Quarterly report pursuant to Section 13 or 15(d)

Stock Plan and Stock-Based Compensation

v3.19.3
Stock Plan and Stock-Based Compensation
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2019, the Company granted options to purchase 589,600 and 2,733,960 shares, respectively, of its common stock to its employees and directors. As of September 30, 2019, there were 1,249,186 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Research and development

 

$

1,504

 

 

$

741

 

 

$

3,602

 

 

$

2,045

 

General and administrative

 

 

1,361

 

 

 

987

 

 

 

3,881

 

 

 

3,230

 

Total stock-based compensation expense

 

$

2,865

 

 

$

1,728

 

 

$

7,483

 

 

$

5,275