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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following is a summary of stock option activity during the six months ended June 30, 2022:

 

 

 

Options Outstanding

 

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Balance—January 1, 2021

 

 

522,905

 

 

$

9.25

 

 

 

6.77

 

 

$

25,971

 

Options granted

 

 

 

 

$

 

 

 

 

 

$

 

Options exercised

 

 

 

 

$

 

 

 

 

 

$

 

Options cancelled

 

 

(154,309

)

 

$

9.24

 

 

 

 

 

$

 

Balance—June 30, 2022

 

 

368,596

 

 

$

9.26

 

 

 

6.31

 

 

$

 

Exercisable as of June 30, 2022

 

 

368,457

 

 

$

9.26

 

 

 

6.31

 

 

$

 

Vested and expected to vest as of June 30, 2022

 

 

368,596

 

 

$

9.26

 

 

 

6.31

 

 

$

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the six months ended June 30, 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

 

 

4,020,674

 

 

$

3.24

 

Vested

 

 

(1,466,063

)

 

$

8.81

 

Forfeited

 

 

(201,596

)

 

$

15.89

 

Nonvested at June 30, 2022

 

 

4,459,195

 

 

$

5.77

 

Summary of Total Stock-based Compensation Expense by Function The following table summarizes the total stock-based compensation expense by function, including expense related to consultants, for the three and six months ended June 30, 2021 and 2022:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

 

(in thousands)

 

 

(in thousands)

 

Sales and distribution expenses

 

$

1,569

 

 

$

2,882

 

 

$

2,524

 

 

$

3,229

 

Research and development expenses

 

 

1,221

 

 

 

633

 

 

 

2,104

 

 

 

907

 

General and administrative expenses

 

 

2,072

 

 

 

2,533

 

 

 

7,132

 

 

 

4,777

 

Total stock-based compensation expense

 

$

4,862

 

 

$

6,048

 

 

$

11,760

 

 

$

8,913