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Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Stock option activity for the nine months ended September 30, 2022 is as follows:
Options Outstanding
Weighted Average Exercise Price
Balance at December 31, 2021
9,832,924 $12.49 
Options granted2,930,552 14.44 
Options exercised(306,854)4.52 
Options cancelled and forfeited(1,784,904)11.16 
Balance at September 30, 202210,671,718 $13.48 
Vested and exercisable, September 30, 2022
4,694,141 $7.58 
Schedule of Restricted Stock Unit Activity
RSU activity for the nine months ended September 30, 2022 is as follows:
Restricted Stock Units
Weighted-Average
Grant Date
Fair Value
Balance at December 31, 2021
740,366 $26.49 
Granted1,625,359 15.11 
Vested
(263,505)21.16 
Cancelled
(474,382)15.83 
Balance at September 30, 2022
1,627,838 $18.51 
Summary of Components of Stock-based Compensation Expensed
The following table summarizes the components of stock-based compensation recognized in the Company’s condensed consolidated statements of operations and comprehensive loss (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
Cost of revenue$299 $523 $784 $1,271 
Research and development2,395 1,022 6,788 3,209 
Selling, general and administrative6,379 5,241 17,941 14,776 
Total stock-based compensation$9,073 $6,786 $25,513 $19,256