Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.19.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Restricted Ordinary Share Activity and Related Information

A summary of the Company’s restricted ordinary share activity and related information is as follows:

 

 

 

Number of

 

 

Weighted

Average

Grant Date Fair

 

 

 

Shares

 

 

Value per Share

 

Unvested at December 31, 2016

 

 

292,620

 

 

$

3.14

 

Granted

 

 

 

 

 

 

 

Vested

 

 

(103,278

)

 

$

3.14

 

Forfeited

 

 

 

 

 

 

 

Unvested at December 31, 2017

 

 

189,342

 

 

$

3.14

 

Granted

 

 

 

 

 

 

 

Vested

 

 

(103,274

)

 

$

3.14

 

Forfeited

 

 

 

 

 

 

 

Unvested at December 31, 2018

 

 

86,068

 

 

$

3.14

 

Schedule of Assumptions Used to Determine Grant Date Fair Value of Employee and Director Options Granted

The assumptions that the Company used to determine the grant date fair value of employee and director options granted were as follows, presented on a weighted average basis:

 

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Volatility

 

 

60

%

 

 

60

%

 

 

60

%

Expected term in years

 

1 - 6.25

 

 

 

6.25

 

 

 

6.25

 

Dividend rate

 

 

0

%

 

 

0

%

 

 

0

%

Risk-free interest rate

 

2.16 - 2.91%

 

 

 

1.63

%

 

 

2.00

%

Summary of Number of Options Outstanding and Weighted-average Exercise Price

The following table summarizes the number of options outstanding and the weighted-average exercise price:

 

 

 

Number of

Shares

 

 

Weighted

Average Exercise

Price

 

 

Weighted

Average

Remaining

Contractual Life

in Years

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Options outstanding December 31, 2016

 

 

49,330

 

 

$

3.14

 

 

 

8.51

 

 

 

 

 

Granted

 

 

198,798

 

 

$

3.36

 

 

 

9.67

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding December 31, 2017

 

 

248,128

 

 

$

3.31

 

 

 

9.44

 

 

 

 

 

Granted

 

 

479,986

 

 

$

12.60

 

 

 

9.45

 

 

 

 

 

Exercised

 

 

(2,008

)

 

$

3.30

 

 

 

 

 

 

 

8

 

Forfeited

 

 

(60,887

)

 

$

10.99

 

 

 

 

 

 

 

 

 

Options outstanding December 31, 2018

 

 

665,219

 

 

$

9.31

 

 

 

8.93

 

 

 

395

 

Exercisable at December 31, 2018

 

 

98,406

 

 

$

3.71

 

 

 

7.20

 

 

 

162

 

Summary of Number of RSUs Granted and Weighted-average Grant Date Fair Value of RSUs

A summary of the Company’s restricted share unit activity and related information is as follows:

 

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date Fair

Value per Share

 

RSUs outstanding December 31, 2017

 

 

 

 

 

 

 

Granted

 

 

36,924

 

 

$

13.00

 

Shares vested

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

RSUs outstanding December 31, 2018

 

 

36,924

 

 

$

13.00

 

Summary of Share-based Compensation Expense

The Company’s share-based compensation expense was classified in the consolidated statements of operations and comprehensive loss as follows:

 

 

 

Year ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Research and development expense

 

$

398

 

 

$

139

 

 

$

115

 

General and administrative expense

 

 

892

 

 

 

253

 

 

 

233