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Capital Structure (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance as of September 30, 2022 (recorded on a post-reverse split basis) were as follows:
(In thousands)Number of Shares
Restricted stock units outstanding983 
Stock options outstanding142 
Shares issuable upon conversion of 2025 Notes3,857 
Shares issuable upon conversion of 2026 Notes1,080 
Shares issuable upon conversion of Public Warrants1,725 
Shares issuable upon conversion of Private Warrants57 
Shares issuable upon conversion of PIPE Warrants30 
Shares available for future grant under 2021 EIP755 
8,629 
Summary of Stock Option Activity
The following table summarizes stock option activity under the Cloudbreak Plan (recorded on a post-reverse split basis):

Number of SharesWeighted Average Exercise Price Per Share
Outstanding as of December 31, 2021152 $48.10 
Options exercised(10)$2.40 
Outstanding as of September 30, 2022142 $51.31 
Summary of RSU Activity
The following table summarizes our RSU activity under the 2021 EIP (recorded on a post-reverse split basis):


Number of Shares
Weighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 20211,069 $56.30 
RSUs granted
75 $21.31 
RSUs vested and released
(34)$21.34 
RSUs forfeited
(21)$19.30 
Outstanding as of March 31, 2022
1,089 $56.13 
RSUs granted
13 $10.00 
RSUs vested and released
(556)$87.98 
RSUs forfeited
(165)$19.30 
Outstanding as of June 30, 2022
381 $16.97 
RSUs granted
852 $5.01 
RSUs vested and released
(210)$9.57 
RSUs forfeited
(42)$10.21 
Outstanding as of September 30, 2022981 $8.46