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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following is a summary of stock options activity during the year-ended December 31, 2022:

 

 

 

Options Outstanding

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (years)

 

 

Aggregate
Intrinsic
Value

 

Balance—January 1, 2022

 

 

522,905

 

 

$

9.25

 

 

 

6.77

 

 

$

25,971

 

Options granted

 

 

 

 

$

 

 

 

 

$

 

Options exercised

 

 

 

 

$

 

 

 

 

$

 

Options canceled

 

 

(154,309

)

 

$

9.24

 

 

 

 

$

 

Balance—December 31, 2022

 

 

368,596

 

 

$

9.26

 

 

 

5.89

 

 

$

 

Exercisable as of December 31, 2022

 

 

368,596

 

 

$

9.26

 

 

 

5.89

 

 

$

 

Vested and expected to vest as of December 31, 2022

 

 

368,596

 

 

$

9.26

 

 

 

5.89

 

 

$

 

Summary of Restricted Stock Activity

A summary of restricted stock activity within the Company’s equity plans and changes for the year-ended December 31, 2022, is as follows:

 

Restricted Stock Awards

 

Shares

 

 

Weighted
Average Grant-
Date Fair Value

 

Nonvested at January 1, 2022

 

 

2,106,180

 

 

$

14.94

 

Granted

 

 

4,428,662

 

 

$

3.14

 

Vested

 

 

(1,888,337

)

 

$

10.38

 

Forfeited

 

 

(423,482

)

 

$

10.27

 

Nonvested at December 31, 2022

 

 

4,223,023

 

 

$

4.85

 

Summary of Total Stock-based Compensation Expense by Function

Stock-based compensation expense is allocated based on the cost center to which the award holder belongs. The following table summarizes the total stock-based compensation expense by function, including expense related to consultants for years-ended December 31, 2021 and 2022.

 

 

 

Years-Ended December 31,

 

 

 

 

2021

 

 

2022

 

 

 

 

(in thousands, except percentages)

Sales and distribution expenses

 

$

6,809

 

 

$

5,014

 

 

Research and development expenses

 

 

5,339

 

 

 

1,871

 

 

General and administrative expenses

 

 

16,839

 

 

 

7,709

 

 

Total stock-based compensation expense

 

$

28,987

 

 

$

14,594