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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option plan and the activity for the six months ended June 30, 2023:

 

Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term (Years)

 

Outstanding, December 31, 2022

 

6,538,536

 

 

$

10.02

 

 

 

7.36

 

Granted

 

225,000

 

 

 

18.33

 

 

 

 

Exercised or released

 

(365,273

)

 

 

6.75

 

 

 

 

Forfeited or expired

 

(243,439

)

 

 

15.42

 

 

 

 

Outstanding, June 30, 2023

 

6,154,824

 

 

$

10.30

 

 

 

7.11

 

Exercisable, June 30, 2023

 

3,985,190

 

 

$

7.97

 

 

 

6.46

 

Vested and expected to vest at June 30, 2023

 

6,146,498

 

 

$

10.29

 

 

 

7.11

 

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s restricted stock units activity for the six months ended June 30, 2023.

 

 

Restricted Stock Units

 

 

Weighted-Average Fair Value

 

Outstanding, December 31, 2022

 

964,054

 

 

$

17.74

 

Granted

 

571,269

 

 

 

17.93

 

Vested

 

(50,539

)

 

 

16.82

 

Forfeited or expired

 

(144,795

)

 

 

17.81

 

Outstanding, June 30, 2023

 

1,339,989

 

 

$

17.85

 

Vested and expected to vest at June 30, 2023

 

1,324,884

 

 

$

17.85