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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount Stock-based compensation expense consisted of the following:
Three Months Ended March 31,
20232022
Cost of goods sold$194 $226 
Selling, general, and administrative expenses19,586 26,918 
Total stock-based compensation expense$19,780 $27,144 
Share-based Payment Arrangement, Option, Activity A summary of stock option activity for the three months ended March 31, 2023 is as follows:
Number of
Stock
Options
Weighted
Average
Exercise
Price
Weighted
average
contractual
term (years)
Aggregate
intrinsic
value
Balance at December 31, 20222,965,144 $7.23 4.5$21,243 
Options granted— — 
Options exercised(108,572)13.03 191 
Options forfeited— — 
Balance at March 31, 20232,856,572 $7.01 4.2$14,886 
Exercisable as of March 31, 20232,856,572 $7.01 4.2$14,886 
Vested as of March 31, 20232,336,998 4.73 3.5
Unvested as of March 31, 2023519,574 $17.25 7.8
Share-based Payment Arrangement, Restricted Stock Unit, Activity A summary of RSU activity for the three months ended March 31, 2023 is as follows:
Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested as of December 31, 20223,314,420 $29.06 
Granted1,208,68913.91 
Forfeited(100,615)24.25 
Released(153,474)25.23 
Vested and not yet released(133,256)32.50 
Unvested as of March 31, 20234,135,764 $24.78 
Schedule of Nonvested Performance-based Units Activity The PSUs are divided into eight substantially equal tranches, each one vesting on the date the 90-day trailing volume-weighted average trading price of the Company’s Class A common stock exceeds the stock price hurdle, as set forth in the table below, provided that no PSUs may vest prior to the six month anniversary of the Direct Listing.
TrancheNumber of PSUsStock Price Hurdle
1549,712 $47.75 
2549,710 $55.71 
3549,712 $63.67 
4549,710 $71.63 
5549,712 $79.59 
6549,710 $87.55 
7549,712 $95.50 
8549,710 $103.46