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Stock-based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Stock-based Compensation  
Summary of incentive plan activity

Weighted

Weighted Average

Shares

Stock

Average

Remaining

Aggregate

Available

Options

RSUs

Stock Option

Contractual Life

Intrinsic

(in thousands, except share and per share data)

    

for Grant

    

Outstanding

    

Outstanding

    

Exercise Price

    

(Years)

    

Value*

Outstanding at January 1, 2022

8,417

33,286

6,499

$

707.97

8.35

$

3

Additional shares authorized

151,079

Options granted

(44)

44

23.46

Options exercised

Options canceled

5,251

(5,251)

418.34

RSUs granted

(41,725)

41,725

RSUs vested and released

(2,516)

RSUs cancelled

(843)

Outstanding at December 31, 2022

122,978

28,079

44,865

$

592.73

7.19

$

Additional shares authorized

Options granted

Options exercised

Options canceled

188

(188)

330.46

RSUs granted

(3,133)

3,133

RSUs vested and released

RSUs cancelled

Outstanding at March 31, 2023

120,033

27,891

47,998

$

594.50

6.95

$

Exercisable at March 31, 2023

 

26,549

$

607.19

 

6.89

$

Vested and expected to vest at March 31, 2023

 

27,779

$

595.49

 

6.95

$

*Fair market value of Jaguar stock on March 31, 2023 was $0.69 per share.

Summary of stock-based compensation expense

Three Months Ended

March 31,

(in thousands)

    

2023

    

2022

Research and development expense

$

227

$

348

Sales and marketing expense

 

49

 

82

General and administrative expense

 

204

 

633

Total

$

480

$

1,063

Employee stock options  
Stock-based Compensation  
Schedule of estimated grant-date fair value of stock options calculated using the Black-Scholes option-pricing model

March 31,

December 31,

2023

2022

    

(unaudited)

Volatility

164.0%

Expected term (years)

 

5.0

Risk-free interest rate

  

3.2%

Expected dividend yield