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Convertible Preferred Stock and Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Summary of Performance Award And Market Capitalization Milestones

Tranche # 

No. of Shares

Subject to PSU

  

Market Capitalization

Milestones(1)

 
1   1,000,000   $1,000,000,000 
2   1,500,000   $1,500,000,000 
3   1,500,000   $2,000,000,000 
4   2,000,000   $2,500,000,000 
5   1,000,000   $3,000,000,000 
6   1,000,000   $3,500,000,000 
7   1,000,000   $4,000,000,000 
8   2,000,000   $4,500,000,000 
9   1,000,000   $5,000,000,000 
10   1,000,000   $5,500,000,000 
Total:   13,000,000      
Summary of Option and Stock Appreciation Rights Activity

A summary of the option and stock appreciation rights activity for the six-month period ended June 30, 2023 is as follows:

 

   Number of Options/SARs   Range of Exercise Price   Weighted Average Exercise Price per Share 
Outstanding, December 31, 2022   3,208,065   $0.74 - $9.87   $4.21 
Granted   707,000   $1.68 - $2.57   $2.56 
Exercised   (29,188)  $0.74 - $2.03   $1.15 
Forfeited   (88,777)  $0.82 - $9.20   $3.76 
Outstanding, June 30, 2023   3,797,100   $0.74 - $9.87   $3.94 
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the six-month period ended June 30, 2023 is as follows:

 

   Number of Restricted Stock Units   Weighted Average Grant Date Fair Value per Unit 
Outstanding, December 31, 2022   1,208,739   $4.21 
Granted   324,324   $1.85 
Vested   (144,054)  $1.22 
Outstanding, June 30, 2023   1,389,009   $3.97