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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of the company’s stock option activity
A summary of the Company’s stock option activity under the EI Plan is as follows:
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2020
30,402,801 $2.45 8.75$885 
Granted5,287,031 4.74 
Exercised(2,757,671)2.30 7,740 
Expired/forfeited(969,240)3.65 
Outstanding as of December 31, 2021
31,962,921 $2.81 7.77$86,075 
Exercisable as of December 31, 2021
14,777,334 $2.51 6.93$41,622 
Vested and expected to vest as of December 31, 2021
26,660,149 $2.73 7.59$72,705 
A summary of the Company’s stock option activity under the STI Plan is as follows:
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2020
6,490,208 $2.49 9.26$1,174 
Granted5,516,399 7.82 
Exercised(1,630,925)2.54 8,807 
Expired/Forfeited(848,955)2.68 
Outstanding as of December 31, 2021
9,526,727 $5.55 8.01$13,905 
Exercisable as of December 31, 2021
3,637,954 $2.95 6.24$9,364 
Vested and expected to vest as of December 31, 2021
7,608,158 $4.81 7.68$13,896 
Schedule of weighted-average assumptions used in the black-scholes option pricing model The weighted-average assumptions used in the Black-Scholes option pricing model for awards granted during the twelve
months ended December 31, 2021 and 2020 are as follows:
20212020
Risk-free interest rate:0.79 %0.45 %
Expected term (in years):6.056.13
Expected volatility:42.10 %37.25 %
Dividend yield:0.00 %0.00 %
The weighted-average assumptions used in the Black-Scholes option pricing model for awards granted during the year ended December 31, 2021 and 2020 are as follows:
20212020
Risk-free interest rate:1.39 %0.59 %
Expected term (in years):9.0610
Expected volatility:35.86 %38.42 %
Dividend yield:0.00 %0.00 %
Schedule of stock-based compensation expense included in each respective expense category
The following table presents stock-based compensation expense for all of the Company’s SI Plan, EI Plan, STI Plan and Common Units of FF Global Partners LLC included in each respective expense category in the Consolidated Statements of Operations and Other Comprehensive Loss for the years ended December 31:
20212020
Research and development$4,001 $941 
Sales and marketing1,185 387 
General and administrative6,159 8,177 
$11,345 $9,505 
The following table presents stock-based compensation expense included in each respective expense category in the Consolidated Statements of Operations and Other Comprehensive Loss for the years ended December 31:
Restricted stock awards for employee bonus, net20212020
Research and development$7,613 $— 
Sales and marketing2,310 — 
General and administrative8,694 — 
$18,617 $—