Stock Based Compensation (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021:

	Nine Months Ended September 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	3.49
Exercised	(1,278,014)	0.43
Forfeited	(726,201)	0.42
Outstanding as of September 30, 2022	21,027,840	0.72		7.3	$	32,445
Vested and expected to vest as of September 30, 2022	21,027,840	$	0.72	7.3	$	32,445
Options exercisable as of September 30, 2022	13,190,147	$	0.38	6.7	$	22,981

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	7,136,963	3.30
Vested	(414,478)	7.02
Cancelled	(1,338,230)	5.24
Outstanding as of September 30, 2022	7,336,179	$	3.65

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
December 31, 2021	—	$	—
Granted	947,000	2.65
Vested	—	—
Canceled	(58,000)	2.65
September 30, 2022	889,000	$	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 Finback Common Stock Warrants. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Cost of revenue	$	227	$	66	$	615	$	91
Research and development	1,664		319		3,143		396
Sales and marketing	2,482		3,226		6,310		4,305
General and administrative	2,152		1,044		5,445		1,240
Total stock-based compensation expense	$	6,525	$	4,655	$	15,513	$	6,032

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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Stock options	$	458	$	123	$	1,151	$	565
Earn-out shares	1,832		3,269		5,435		3,269
Warrants	1,285		1,012		2,126		1,806
RSUs and PSUs	2,950		251		6,801		392
Total stock-based compensation expense	$	6,525	$	4,655	$	15,513	$	6,032