Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of fair value weighted-average assumptions

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of stock options granted during the six months ended June 30, 2022 and 2021:

	Six Months Ended June 30,
	2022		2021
Risk-free interest rate	1.6	%	0.7	%
Expected term (in years)	6.1		6.0
Expected volatility	75.0	%	31.4	%
Expected dividend yield	0.0	%	0.0	%

Summary of stock option activity

The following table summarizes the Company’s stock option activity since December 31, 2021 (in thousands, except for share and per share data):

	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
				(in years)
Outstanding as of December 31, 2021	20,769,130	$	0.39
Granted	2,262,925	2.32
Exercised	(849,859)	0.43
Forfeited	(614,619)	0.42
Outstanding as of June 30, 2022	21,567,577	0.59		7.6	$	44,548
Vested and expected to vest as of June 30, 2022	21,567,577	$	0.59	7.6	$	44,548
Options exercisable as of June 30, 2022	12,643,339	$	0.38	6.8	$	28,870

Summary of restricted stock unit activity

The following table summarizes the Company's restricted stock units activity since December 31, 2021:

	Number of Shares	Grant Date Fair Value
Outstanding as of December 31, 2021	1,951,924	$	6.76
Granted	6,897,234	3.32
Vested	(237,911)	6.96
Cancelled	(1,165,104)	5.37
Outstanding as of June 30, 2022	7,446,143	$	3.79

Summary of performance stock unit activity

The following table summarizes the Company's performance stock units activity since December 31, 2021:

	Number of Shares	Grant Date Fair Value
Outstanding as of December 31, 2021	—	$	—
Granted	939,000	2.65
Vested	—	—
Canceled	(25,000)	2.65
Outstanding as of June 30, 2022	914,000	$	2.65

Schedule of fair value measurements of common stock warrants granted

The Company utilized a Black-Scholes pricing model to determine the grant-date fair value of the 2021 Finback common stock warrants granted. The assumptions used are presented in the following table:

Warrants - Black Scholes
Risk-free interest rate	$	0.4	%
Expected term (in years)	3.0
Expected volatility	23.9		%
Expected dividend yield	0.0		%

Schedule of allocation of share based compensation expense

Stock-based compensation expense was classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cost of revenue	$	52	$	5	$	112	$	10
Research and development	931		40		1,479		77
Sales and marketing	2,572		920		4,104		1,093
General and administrative	1,506		102		3,293		196
Total stock-based compensation expense	$	5,061	$	1,067	$	8,988	$	1,376

Schedule of stock-based compensation expense

Stock-based compensation expense by award type recognized in the condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Stock options	$	454	$	248	$	693	$	442
Earn-out shares	1,916		—		3,603		—
Warrants	631		748		841		794
RSUs and PSUs	2,060		71		3,851		140
Total stock-based compensation expense	$	5,061	$	1,067	$	8,988	$	1,376