Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Estimated grant date fair values under Black-Scholes option-pricing models assumptions


	Restricted Earn-Out Shares
Expected stock price	$	7.68
Expected volatility		81.0%
Risk-free rate		1.63%
Expected term (in years)		5.0

Summary of stock based compensation


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2022		2021		2022		2021
Research and development	$	1,707	$	34	$	2,261	$	55
General and administrative		3,840		80		6,472		131
Total stock-based compensation ⁽¹⁾	$	5,547	$	114	$	8,733	$	186

(1)

^Includes^$2.0^{million and}^$3.6^{million of stock-based compensation expense recorded for the Earn-Out Restricted Shares during the three and six months ended June 30, 2022, respectively. Additionally, includes}^$1.8^{million and}^$1.1^{million of stock-based compensation expense recorded for the RSUs and PSUs, respectively, during the three and six months ended June 30, 2022.}