Quarterly report pursuant to Section 13 or 15(d)

4. Stock Incentive Plan (Tables)

v3.20.2
4. Stock Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 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)     209,110     14.42
Forfeited   —   —
Exercised     —   —
Balances at June 30, 2020     1,296,573   4.79

 

 

(1) 209,110 options vest as follows: options to purchase up to 180,401 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 209,110 options are as follows: for 186,985 options $14.35; for 9,000 options $17.75; for 6,125 options $16.80; for 3,000 options $12.93; for 2,000 options $7.66 and for 2,000 options $7.61.

 
Summary of options outstanding
  Exercise Prices     Numberof Shares Subject to Options Outstanding  

Weighted-Average Remaining 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   6.21 years     509,500   6.17 years
  $ 5.01-$10.00       536,043   8.02 years     328,154   7.97 years
  $ 10.01-$15.00       189,985   9.59 years     32,218   9.59 years
  $ 15.01-$20.00       15,125   9.55 years     3,063   9.59 years
        1,296,573   7.49 years   872,935 6.99 years 
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     (2,580 )     12.93  
Forfeited     —       —  
Unvested Balance at June 30, 2020     43,142       12.93