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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The grant date fair value of the Company’s stock options granted (excluding the stock options granted to the CEO outlined above) was estimated using the following weighted average assumptions for the three months ended March 31, 2022:
 
Expected term (in years)6.02
Expected volatility56.7 %
Risk-free interest rate1.9 %
Expected dividend yield— %
Share-based Payment Arrangement, Option, Activity
Option activity (excluding the stock options granted to the CEO outlined above) is as follows (in thousands, except for weighted average exercise price and weighted average contractual term in years):
 
SharesWeighted
Average
Exercise
Price
Weighted
Average
Contractual
Period
(in Years)
Aggregate
Intrinsic
Value
Outstanding at December 31, 202110,401 $4.01 7.73$37,868 
Granted5,585 5.01 
Exercised (including early exercised options vested during the period)(793)1.20 
Forfeited and expired(334)5.58 
Outstanding at March 31, 202214,859 4.51 8.5526,306 
Exercisable as of March 31, 20228,066 3.10 7.5224,213 
Share-based Payment Arrangement, Option, Exercise Price Range
The options outstanding and exercisable as of March 31, 2022 (excluding the CEO stock options) have been aggregated into ranges for additional disclosure as follows (in thousands, except weighted average remaining contractual life and exercise price):
 
 Options OutstandingOptions Exercisable
Exercise PriceSharesWeighted Average Remaining Contractual Life 
(in Years)
SharesWeighted Average Remaining Contractual Life 
(in Years)
$ 0.06 – 0.40
1,912 5.921,912 5.92
1.55 – 1.75
1,829 7.131,737 7.13
2.43
2,946 8.182,946 8.18
5.01
5,585 9.9195 9.91
8.13 – 9.41
1,634 8.881,199 8.72
12.21 – 15.17
953 8.91177 8.17
14,859 8,066 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
RSU activity including RSUs outstanding prior to the Merger, earn-out RSUs, and Parent Warrant RSUs is as follows (in thousands, except for weighted average grant date fair value):

SharesWeighted Average Grant Date Fair Value
Unvested at December 31, 20213,982 11.55 
Granted3,863 5.01 
Vested(373)11.92 
Forfeited and expired(172)11.37 
Unvested at March 31, 20227,300 $8.15 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
The following table summarizes stock-based compensation expense for employees and nonemployees, by category, on the condensed consolidated statements of operations and comprehensive loss for the three months ended March 31, 2022 and 2021 (in thousands):
 
Three Months Ended March 31,
20222021
Marketing$823 $1,846 
Selling, general, and administrative8,033 32,384 
Total stock-based compensation expense$8,856 $34,230