Capital Structure (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Schedule of Common Stock Reserved for Future Issuance

Shares of common stock reserved for future issuance as of March 31, 2022 were as follows:

(In thousands)	Number of Shares
Restricted stock units outstanding	10,746
Stock options outstanding	1,516
Shares issuable upon conversion of 2026 Notes	15,023
Shares issuable upon conversion of Public Warrants	17,250
Shares issuable upon conversion of Private Warrants	568
Shares issuable upon conversion of PIPE Warrants	300
Shares available for future grant under 2021 EIP	12,460
	57,863

Summary of Stock Option Activity

The following table summarizes stock option activity under the Cloudbreak Plan:

(In thousands, except per share amounts)	Number of Stock Options	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value(1)
Outstanding as of December 31, 2021	1,515,870	$	4.81	4.16
Options granted	—	—
Options exercised	—	—
Options forfeited or expired	—	—
Outstanding at March 31, 2022	1,515,870	4.81		3.92	$	138
Vested and expected to vest as of March 31, 2022	1,515,870	4.81		3.92	$	138
Exercisable as of March 31, 2022	1,418,817	$	4.64	3.63	$	138

(1) The aggregate intrinsic value amounts are computed based on the difference between the exercise price of the stock options and the fair market value of our common stock of $1.18 per share as of March 31, 2022 for all in-the-money stock options outstanding.

Summary of RSU Activity

The following table summarizes our RSU activity under the 2021 EIP:

	Number of Shares	Weighted Average Grant Date Fair Value Per Share
Outstanding at December 31, 2021	10,693,371	$	5.63
RSUs granted	597,712	2.13
RSUs exercised and released	(337,764)	2.13
RSUs forfeited	(207,254)	1.93
Outstanding at March 31, 2022	10,746,065	5.61