Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 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 years ended December 31, 2022 and 2021:

	Year Ended December 31,
	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 tables summarize the Company’s stock option activity since December 31, 2020 (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, 2020	18,770,767	$	0.36
Granted	6,472,725	0.42
Exercised	(2,806,961)	0.33
Exercised upon settlement of related party note	(1,469,366)	0.24
Forfeited	(198,035)	0.37
Outstanding as of December 31, 2021	20,769,130	$	0.39
Granted	2,262,925	3.49
Exercised	(1,896,975)	0.43
Forfeited	(738,256)	0.42
Outstanding as of December 31, 2022	20,396,824	0.73		7.18	$	39,891
Vested and expected to vest as of December 31, 2022	20,396,824	$	0.73	7.18	$	39,891
Options exercisable as of December 31, 2022	13,510,205	$	0.38	6.61	$	29,872

Summary of restricted stock unit activity

The following table summarizes the Company’s restricted stock units activity since December 31, 2020:

	Number of Shares	Grant Date Fair Value
Outstanding as of December 31, 2020	—	—
Granted	2,013,110	6.76
Vested	(2,625)	7.01
Forfeited	(58,561)	7.01
Outstanding as of December 31, 2021	1,951,924	6.76
Granted	7,613,472	$	3.26
Vested	(565,774)	6.72
Forfeited	(1,497,677)	5.15
Outstanding as of December 31, 2022	7,501,945	$	3.54

Schedule of performance shares

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	947,000	2.65
Vested	—	—
Forfeited	(83,000)	2.65
Outstanding as of December 31, 2022	864,000	$	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	—	%

Schedule of allocation of share based compensation expense

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

	Year Ended December 31,
	2022		2021
Cost of revenue	$	829	$	143
Research and development	4,009		878
Sales and marketing	10,038		5,735
General and administrative	7,622		2,840
Total stock-based compensation expense	$	22,498	$	9,596

Schedule of stock-based compensation expense

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

	Year Ended December 31,
	2022		2021
Stock options	$	1,594	$	628
Earn-out shares	6,499		5,334
Warrants	4,523		2,297
RSUs and PSUs	9,882		1,337
Total stock-based compensation expense	$	22,498	$	9,596