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Stock-based Awards
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock-based Awards Stock-based Awards
Stock Options
A summary of the Company’s stock option activity for the three months ended March 31, 2023 is as follows:
 Number of
Options
Weighted-Average Exercise PriceWeighted-Average
Remaining
Contractual Life
   (in years)
Outstanding at December 31, 20225,114,490 $9.50 4.7
Granted— —  
Exercised(23,989)2.68  
Forfeited/expired(540,987)8.97  
Outstanding at March 31, 20234,549,514 $9.60 4.5
At March 31, 2023, total remaining stock-based compensation expense for unvested stock option awards was $1.3 million, which is expected to be recognized over a weighted-average period of 1.9 years. For the three months ended March 31, 2023 and 2022, the Company recorded stock-based compensation expense for stock option awards of $0.3 million and $0.4 million, respectively.
Restricted Stock Units
Activity in connection with restricted stock units is as follows for the three months ended March 31, 2023:
 Number of
Shares
Weighted- Average Grant Date Fair Value
Non-vested — December 31, 202210,007,869 $4.04 
Granted5,421,366 2.49 
Vested(1,024,364)3.95 
Forfeited(610,111)3.78 
Non-vested — March 31, 202313,794,760 $3.45 
At March 31, 2023, total remaining stock-based compensation expense for non-vested restricted stock units was $39.6 million, which is expected to be recognized over a weighted-average period of 2.8 years. For the three months ended March 31, 2023 and 2022, the Company recorded $4.4 million and $3.1 million in stock-based compensation expense for restricted stock units, respectively.
Stock-based Compensation Cost
The Company recorded stock-based compensation cost relating to stock options and restricted stock units in the following categories on the accompanying condensed consolidated statements of comprehensive loss (in thousands):
 Three Months Ended
March 31,
 20232022
Cost of revenue$50 $37 
Sales and marketing1,895 1,175 
Technology and development1,017 900 
General and administrative1,746 1,386 
Total stock-based compensation expense4,708 3,498 
Amount capitalized to internal software use222 246 
Total stock-based compensation cost$4,930 $3,744