Quarterly report pursuant to Section 13 or 15(d)

4. Stock Incentive Plan (Tables)

v3.20.1
4. Stock Incentive Plan (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock option activity

 

    Options Outstanding
    Number of Options   Weighted-Average Exercise Price
Balances at January 1, 2019     1,105,896    $ 2.99
Granted   —   —
Forfeited   —   —
Exercised     (18,433)     5.97
Balances at December 31, 2019     1,087,463      2.94
Granted(1)     205,110     14.55
Forfeited   —   —
Exercised   —    — 
Balances at March 31, 2020     1,292,573       4.78

 

(1) 205,110 options vest as follows: options to purchase up to 176,401 shares of the Company’s common stock vest 6/48ths on the six-month anniversary of grant date and 1/48th per month thereafter; options to purchase up to 22,584 shares of the Company’s common stock vest quarterly over one year; and options to purchase up to 6,125 shares of the Company’s common stock vest monthly over one year. The exercise prices per share of the 205,110 options are as follows: for 186,985 options $14.35; for 9,000 options $17.75; for 6,125 options $16.80; and for 3,000 options $12.93.
Summary of options outstanding
Exercise Prices   Number of Shares Subject to Options Outstanding   Weighted-Average Contractual Term in Years   Number of Shares Subject to Options Fully Vested and Exercisable   Weighted-Average Remaining Contractual Term in Years
$0.00-$5.00     555,420   6.46     492,280   6.40
$5.01-$10.00     532,043   8.26     305,837   8.22
$10.01-15.00     189,985   9.84     5,648   9.84
$15.01-20.00     15,125   9.80     1,531   9.84
      1,292,573         805,296    
Summary of restricted stock unit activity
    Restricted Stock Units     Weighted-Average Grant Date Fair Value per Unit
Unvested balance at January 1, 2020     —      $      —
Granted     45,722       12.93
Vested     (1,288)       12.93
Forfeited     —       —
Unvested balance at March 31, 2020     44,434         $ 12.93