XML 41 R32.htm IDEA: XBRL DOCUMENT v3.22.2
Stock-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of the Company’s stock option activity for the six months ended June 30, 2022 was as follows:
Number of
Common
Stock Options		Weighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Life (Years)		Aggregate
Intrinsic Value
(In Thousands)
Outstanding as of December 31, 202111,507,643 $1.72 
Exercised(1,053,499)1.67 
Cancelled/Forfeited(826,089)1.67 
Outstanding as of June 30, 20229,628,055 1.73 7.23$41,035 
Schedule of Restricted Stock Awards Activity
Restricted stock awards activity for the six months ended June 30, 2022 was as follows:
SharesWeighted Average
Grant Date Fair Value
per Share
Outstanding as of December 31, 2021666,298 $1.21 
Forfeited(17,429)1.23 
Vested(309,888)1.18 
Outstanding as of June 30, 2022338,981 1.23 
A summary of the Company’s restricted stock units activity for the six months ended June 30, 2022 was as follows:
SharesWeighted Average
Grant Date Fair
Value per Share
Outstanding as of December 31, 202111,983,032 $19.56 
Granted9,974,655 12.84 
Forfeited(794,702)18.14 
Vested(3,276,558)17.73 
Outstanding as of June 30, 202217,886,427 16.20 
Schedule of Stock-based Compensation Expense by Function
Stock-based compensation expense by function was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Cost of sales$6,989 $1,127 $8,775 $1,210 
Research and development8,714 5,663 15,816 6,425 
Sales and marketing2,741 934 5,609 1,120 
General and administrative20,181 6,806 35,123 7,612 
Total$38,625 $14,530 $65,323 $16,367 
Stock-based compensation expense by type of award was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Equity Classified Awards:
Stock options$748 $1,235 $1,270 $1,398 
RSAs187 250 21 1,924 
RSUs32,540 12,426 54,049 12,426 
ESPP157 — 157 — 
Liability Classified Awards:
Fixed value equity awards1,741 619 3,521 619 
Optogration awards394 — 3,447 — 
Freedom Photonics awards2,800 — 2,800 — 
Solfice awards58 — 58 — 
Total$38,625 $14,530 $65,323 $16,367