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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 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

491,487

Options granted

Options exercised

Options canceled

290

(290)

323.12

RSUs granted

(12,376)

12,376

RSUs vested and released

(13,149)

RSUs cancelled

(8,814)

Outstanding at June 30, 2023

602,379

27,789

35,278

$

595.55

6.73

$

Exercisable at June 30, 2023

 

26,792

$

604.47

 

6.69

$

Vested and expected to vest at June 30, 2023

 

27,721

$

596.13

 

6.73

$

*Fair market value of Jaguar stock on June 30, 2023 was $0.52 per share.

Summary of stock-based compensation expense

Three Months Ended

Six Months Ended

June 30,

June 30,

(in thousands)

    

2023

    

2022

    

2023

    

2022

(unaudited)

(unaudited)

Research and development expense

$

257

$

365

$

484

$

713

Sales and marketing expense

 

86

 

120

 

115

 

202

General and administrative expense

 

175

 

532

 

399

 

1,165

Total

$

518

$

1,017

$

998

$

2,080

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

June 30,

December 31,

2023

2022

    

(unaudited)

Volatility

164.0%

Expected term (years)

 

5.0

Risk-free interest rate

  

3.2%

Expected dividend yield