Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plan (Tables)

v3.22.1
Stock Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2021
Stock Incentive Plan  
Stock option activity

 

 

Options Outstanding

 

 

 

Number of

Shares Subject to Options

 

 

Weighted-

Average Exercise Price

 

Balances at January 1, 2020

 

 

1,087,463

 

 

$ 2.94

 

Granted

 

 

174,357

 

 

 

14.13

 

Forfeited

 

 

(3,243 )

 

 

8.47

 

Balances at December 31, 2020

 

 

1,258,577

 

 

 

4.47

 

Granted(1)

 

 

403,476

 

 

 

6.27

 

Forfeited(2)

 

 

(115,151 )

 

 

6.49

 

Exercised

 

 

(2,913 )

 

 

6.00

 

Balances at December 31, 2021

 

 

1,543,989

 

 

 

4.78

 

Unvested options outstanding expected to vest (3)

 

 

345,286

 

 

 

7.28

 

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 

 

 

567,920

 

 

 

4.81

 

 

 

556,045

 

 

 

4.71

 

 $5.01-$10.00 

 

 

822,316

 

 

 

7.48

 

 

 

530,694

 

 

 

6.88

 

 $10.01-$15.00 

 

 

145,232

 

 

 

8.09

 

 

 

103,443

 

 

 

8.09

 

 $15.01-$20.00 

 

 

8,521

 

 

 

5.88

 

 

 

8,521

 

 

 

5.88

 

 

 

 

1,543,989

 

 

 

6.55

 

 

 

1,198,703

 

 

 

5.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(5,156 )

 

 

12.93

 

Forfeited

 

 

(500 )

 

 

12.93

 

Unvested balance at January 1, 2021

 

 

40,066

 

 

 

12.93

 

Granted

 

 

124,374

 

 

 

6.81

 

Vested

 

 

(49,758 )

 

 

8.04

 

Forfeited

 

 

(3,220 )

 

 

7.52

 

Unvested Balance at December 31, 2021

 

 

111,462

 

 

 

8.44

 

Schedule of stock option grants and fair values

 

 

Years Ended December 31,

 

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

Stock options granted

 

 

403,476

 

 

 

174,357

 

Weighted-average grant date fair value per share

 

$ 4.46

 

 

$ 9.03

 

Fair value of shares vested

 

$

1,152,572

 

 

$

1,214,512