STOCKHOLDERS’ EQUITY

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Treasury Stock

During the year ended December 31, 2021, the Company repurchased an aggregate of 857,825 shares of its common stock, including 712,742 shares from certain employees and 145,083 shares from Board of Directors of the Company’s predecessor, Atieva, Inc. at $24.15 per share. No common stock was repurchased during the three months ended March 31, 2024 and 2023.

Common Stock Reserved for Issuance

The Company’s common stock reserved for future issuances as of March 31, 2024 was as follows:

	March 31, 2024
Private Placement Warrants to purchase common stock	44,350,000
Stock options outstanding	31,299,940
Restricted stock units outstanding	64,518,413
Shares available for future grants under equity plans	11,563,534
If-converted common shares from convertible note	36,737,785
If-converted common shares from redeemable convertible preferred stock	278,357,254
Total shares of common stock reserved	466,826,926