Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Employees  
Stock-Based Compensation  
Schedule of Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the

 

 

 

Year Ended

 

 

    

December 31, 2018

  

Exercise price per share

 

$

0.41

 

-

$

11.00

 

Expected stock price volatility

 

 

77.12

%

-

 

81.49

%

Risk-free rate of interest

 

 

2.68

%

-

 

3.12

%

Fair value of grants per share

 

$

3.41

 

-

$

10.82

 

Expected Term (years)

 

 

4.7

 

-

 

7.0

 

 

Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Number

 

Weighted Average

 

Total

 

Remaining

 

 

of

 

Exercise

 

Intrinsic

 

Contractual

 

  

Shares

  

Price per Share

  

Value

  

Life (in years)

Employee options granted during 2017

 

1,813,524

 

$

0.65

 

$

13,894,762

 

9.7

Outstanding as of December 31, 2017

 

1,813,524

 

$

0.65

 

$

13,894,762

 

9.7

Employee options granted

 

400,648

 

$

9.77

 

$

 —

 

9.5

Options reclassified from Non-employee

 

154,178

 

$

2.45

 

$

429,266

 

9.3

Options reclassified to Non-employee

 

(62,094)

 

$

0.41

 

$

 —

 

 —

Outstanding as of December 31, 2018

 

2,306,256

 

$

2.36

 

$

6,182,252

 

8.8

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable as of December 31, 2018

 

1,517,151

 

$

0.51

 

$

5,075,412

 

8.7

 

Non-Employees  
Stock-Based Compensation  
Schedule of Valuation Assumptions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the

 

 

 

Year Ended

 

 

    

December 31, 2018

  

Exercise price per share

 

$

0.41

 

-

$

11.00

 

Expected stock price volatility

 

 

76.03

%

-

 

82.91

%

Risk-free rate of interest

 

 

2.43

%

-

 

2.68

%

Fair value of grants per share

 

$

2.37

 

-

$

7.16

 

Expected Term (years)

 

 

0.3

 

-

 

9.8

 

 

Schedule of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Number

 

Weighted Average

 

Total

 

Remaining

 

 

of

 

Exercise

 

Intrinsic

 

Contractual

 

  

Shares

  

Price per Share

  

Value

  

Life (in years)

Non-employee options granted during 2017

 

496,515

 

$

0.41

 

$

3,922,238

 

9.6

Outstanding as of December 31, 2017

 

496,515

 

$

0.41

 

$

3,922,238

 

9.6

Non-employee options granted

 

111,465

 

$

9.50

 

$

 —

 

9.2

Non-employee options forfeited

 

(60,323)

 

$

0.41

 

$

 —

 

 —

Non-employee options reclassified to Employee

 

(154,178)

 

$

2.45

 

$

 —

 

 —

Non-employee options exercised

 

(17,676)

 

$

0.41

 

$

 —

 

 —

Options reclassified from Employee

 

62,094

 

$

0.41

 

$

8,904

 

8.9

Outstanding as of December 31, 2018

 

437,897

 

$

2.16

 

$

1,228,838

 

8.8

 

 

 

 

 

 

 

 

 

 

 

Options vested and exercisable as of December 31, 2018

 

131,934

 

$

0.51

 

$

442,206

 

8.5