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Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Stock option activity for the six months ended June 30, 2023 is as follows:
Options Outstanding
Weighted-Average Exercise Price
Balance at December 31, 202210,214,430 $13.90 
Options granted3,259,009 4.38 
Options exercised(23,161)2.20 
Options forfeited
(159,766)11.69 
Balance at June 30, 202313,290,512 $11.61 
Vested and exercisable, June 30, 2023
6,109,830 $8.80 
Schedule of Restricted Stock Unit Activity Restricted Stock Unit activity for the six months ended June 30, 2023 is as follows:
Restricted Stock Units
Weighted-Average
Grant Date
Fair Value
Balance at December 31, 2022
1,650,976 $18.23 
Granted2,514,844 4.50 
Vested
(426,896)19.35 
Forfeited
(83,885)8.96 
Balance at June 30, 2023
3,655,039 $8.87 
Schedule 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 June 30,Six Months Ended June 30,
2023202220232022
Cost of revenue$406 $278 $735 $485 
Research and development2,733 2,392 5,281 4,393 
Selling, general and administrative6,613 5,708 12,460 11,562 
Total stock-based compensation$9,752 $8,378 $18,476 $16,440