Quarterly report pursuant to Section 13 or 15(d)

Stock Plans and Stock-Based Compensation

v3.22.2.2
Stock Plans and Stock-Based Compensation
9 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement [Abstract]  
Stock Plans and Stock-Based Compensation
7. Stock Plans and Stock-Based Compensation
Stock Plans
As of September 30, 2022, there were 2,650,362 shares a
vailable for future grants under the Company’s 2013 Equity Incentive Plan and no shares available for grant under the Company’s 2020 New Hire Plan. On January 1, 2022, in accordance with the annual share increase provision in the 2013 Plan, the Company added 4,233,896 shares to the 2013 Plan share reserve. During the three and nine months ended September 30, 2022, the Company granted 38,600 and 3,662,868 stock options, respectively, which primarily related to its option grants issued to employees
and directors.
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

September 30,
 
  
Nine Months Ended

September 30,
 
 
  
2022
 
  
2021
 
  
2022
 
  
2021
 
Research and development
  
$
1,052
 
  
$
1,115
 
  
$
3,220
 
  
$
3,343
 
General and administrative
  
 
1,298
 
  
 
1,434
 
  
 
3,936
 
  
 
4,268
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total stock-based compensation expense
  
$
2,350
 
  
$
2,549
 
  
$
7,156
 
  
$
7,611