Quarterly report pursuant to Section 13 or 15(d)

4. Stock Incentive Plan (Tables)

v3.20.2
4. Stock Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock option activity
        Options Outstanding    
        Number of Shares Subject to 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)       174,357       14.08  
Forfeited       —         —    
Exercised       —         —    
Balances at September 30, 2020       1,261,820       4.48  

  

(1) 174,357 options vest as follows: options to purchase 145,648 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 22,584 shares of the Company’s common stock vest quarterly over one year; and options to purchase 6,125 shares of the Company’s common stock vest monthly over one year. Exercise prices are noted in the paragraphs above this table.

 

Options outstanding
Exercise Prices   Number of 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
  $0.001-$5.00       557,420      5.97 years     526,720      5.93 years
  $5.01-$10.00       541,043      7.79 years     350,471      7.72 years
  $10.01-$15.00       148,232      9.34 years     48,327      9.34 years
  $15.01-$20.00       15,125      9.30 years     6,094      9.32 years
          1,261,820           931,612      
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       (3,868 )     12.93  
Forfeited       —         —    
Unvested Balance at September 30, 2020       41,854       12.93