Stock-based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Of Share Based Compensation Stock Options Activity Restricted Stock Units Award Activity

The following table summarizes the Company’s stock option and RSU activity:

	Stock Options										RSUs
	Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual (Years)		Aggregate Intrinsic Value (in 000s)		Number of RSUs			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2020(1)		19,826,031		$	1.13							—		$	—
Granted		281,748		$	1.13							2,799,657		$	6.03
Exercised or released		(436,037	)	$	(1.22	)						(428,107	)	$	6.28
Forfeited/Cancelled		(360,602	)	$	(1.13	)						(518,865	)	$	5.39
Outstanding at December 31, 2021		19,311,140		$	1.29			13.07		100,885		1,852,685		$	6.14
Vested and expected to vest, December 31, 2021		13,773,623		$	1.13			12.69		74,322		1,852,685		$	6.14
Exercisable and vested at December 31, 2021		12,126,266		$	1.13			13.39		65,013

(1) Prior period options have been adjusted to give effect to the reverse recapitalization transaction, see Note 3, Business Combination.

Schedule of Assumptions to Estimate Fair Value of Stock Options

The following table discloses the assumptions, or range of assumptions, utilized for stock options for each of the grant years as follows:

	2021			2020
Expected term of options (years)		5.0			0.4 to 5.0
Risk free interest rate		0.79	%		0.1-0.4	%
Volatility		90	%		90	%
Expected dividend	$	0.00		$	0.00

For the awards described above which vested immediately, the following table discloses the assumptions utilized in the Black Scholes option pricing model:

Expected volatility		90	%
Expected dividend	$	0.00
Weighted average expected term (in years)		7.5
Risk-free rate		68	%