Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-based Payment Arrangement [Abstract]

Summary of Unvested Restricted Stock Units

The activity of restricted stock units is set forth below:

	Number			Weighted Average
	of Shares			Grant Date
				Fair Value
Unvested at December 31, 2021		764,871		$	7.52
Granted		979,257			7.56
Vested		(239,245	)		7.11
Canceled/Forfeited		(33,660	)		6.76
Unvested at June 30, 2022		1,471,223		$	7.63

Schedule of Fair Value of Stock Options Granted to Employees and Directors

The assumptions that the Company used to determine the grant-date fair value of stock options granted during these periods were as follows, presented on a weighted-average basis:

	June 30,			June 30,
	2022			2021
Risk-free interest rate		1.92	%		0.82	%
Expected term (in years)		6.25			6.21
Expected volatility		50.66	%		39.30	%
Expected dividend yield		0.0	%		0.0	%
Exercise price	$	8.03		$	13.54
Underlying stock price	$	7.87		$	13.54

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity since December 31, 2021:

						Weighted
						Average
				Weighted		Remaining
				Average		Contractual		Aggregate
	Number of			Exercise		Term		Intrinsic
	Shares			Price		(in years)		Value
Outstanding as of December 31, 2021		6,596,969		$	4.10		5.20	$	38,524
Granted		1,418,224			8.03
Exercised		(1,845,897	)		1.11				8,408
Canceled / forfeited		(36,735	)		2.50
Outstanding as of June 30, 2022		6,132,561			5.92		6.65		7,509
Options exercisable as of June 30, 2022		3,167,162			3.57		4.60		6,860
Options vested or expected to vest as of June 30, 2022		5,504,030		$	5.61		6.38	$	7,414