Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.19.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock option activity
The following summarizes activity related to the Company's stock options and includes 7,250,000 performance-based options issued prior to December 31, 2018 outside of the 2013 Plan (in thousands, except per share data):
 
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Contract
Term (in years)
 
Aggregate Intrinsic Value
Outstanding - December 31, 2018
24,775
 
$
0.51

 
7.5

 
$
94,206

Granted
2,197
 
4.31

 
—

 
—

Exercised
(885)
 
0.36

 
—

 
—

Forfeited
(197)
 
1.6

 
—

 
—

Outstanding - September 30, 2019
25,890
 
0.83

 
6.2

 
29,971

 
 
 
 
 
 
 
 
Exercisable - September 30, 2019
23,368
 
0.62

 
5.9

 
28,776

Vested or expected to vest - September 30, 2019
25,890
 
$
0.83

 
6.2

 
$
29,971

Schedule of share-based payment award, stock options, valuation assumptions
The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Volatility
106.0%
 
86.8%
 
112.3%
 
90.2%
Risk-Free Interest Rate
1.7%
 
2.8%
 
2.3%
 
2.6%
Expected Term (in years)
5.87
 
5.64
 
5.75
 
5.39
Dividend Rate
—%
 
—%
 
—%
 
—%
Fair Value Per Share on Grant Date
$3.16
 
$3.08
 
$3.83
 
$0.54
Nonvested stock option activity
The following summarizes RSU activity that contain only service requirements to vest for the Amended 2013 Plan (in thousands, except per share data):
 
Number of Shares
 
Weighted Average Grant Date Fair Value
RSU's outstanding - December 31, 2018
2,950
 
$
2.14

Vested
(2,950
)
 
2.14
RSU's outstanding - September 30, 2019
—

 
$
—