XML 53 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Weighted Average Grant Fair Value of Stock Options using Black-Scholes Option-pricing Model

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of stock options granted during the nine months ended September 30, 2022:

 

Risk-free interest rate

 

 

 

 

 

 

 

 

2.6

%

Expected term (in years)

 

 

 

 

 

 

 

 

5.9

 

Expected volatility

 

 

 

 

 

 

 

 

77.1

%

Expected dividend yield

 

 

 

 

 

 

 

 

0

%

Schedule of Stock Option Activity

The following table summarizes option activity with service conditions under the 2021 Plan and the 2017 Plan:

 

 

 

Options

 

 

Weighted
average
exercise
price

 

 

Weighted
average
contract term (years)

 

 

Aggregate
intrinsic
value

 

Balance at January 1, 2022

 

 

24,064,586

 

 

$

4.23

 

 

 

7.4

 

 

$

56,525

 

Granted

 

 

3,237,347

 

 

$

8.22

 

 

 

 

 

 

 

Exercised

 

 

(941,877

)

 

$

0.80

 

 

 

 

 

 

 

Forfeited

 

 

(274,107

)

 

$

6.17

 

 

 

 

 

 

 

Outstanding at September 30, 2022

 

 

26,085,949

 

 

$

4.83

 

 

6.47

 

 

$

17,340

 

Vested and expected to vest September 30, 2022

 

 

26,085,949

 

 

$

4.83

 

 

6.47

 

 

$

17,340

 

Exercisable at September 30, 2022

 

 

20,589,485

 

 

$

3.95

 

 

 

5.77

 

 

$

17,340

 

Schedule of Activity Related to RSU Stock-Based Payment Awards

The following table summarizes activity related to RSU stock-based payment awards:

 

 

 

 

 

 

 

Number of shares

 

 

Weighted
average
grant date fair value

 

Outstanding at December 31, 2021

 

 

 

 

 

 

474,700

 

 

$

7.20

 

Granted

 

 

 

 

 

 

2,115,493

 

 

$

8.11

 

Forfeited

 

 

 

 

 

 

(63,244

)

 

$

8.08

 

Outstanding at September 30, 2022

 

 

 

 

 

 

2,526,949

 

 

$

7.94

 

Schedule of Stock-based Compensation Expense

The Company recorded stock-based compensation expense in the following expense categories of its condensed consolidated statements of operations:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

126

 

 

$

12

 

 

$

294

 

 

$

44

 

Research and development

 

 

661

 

 

 

2,682

 

 

 

1,650

 

 

 

10,345

 

Selling, general and administrative

 

 

3,732

 

 

 

6,186

 

 

 

9,526

 

 

 

27,688

 

 

 

$

4,519

 

 

$

8,880

 

 

$

11,470

 

 

$

38,077