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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-based Compensation Expense Recognized for all Stock-based Awards

Stock-based compensation expense recognized for all stock-based awards is reported in the Company’s consolidated statements of operations as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

 

(in thousands)

 

Cost of sales

 

$

358

 

 

$

35

 

 

$

692

 

 

$

70

 

General and administrative

 

 

1,598

 

 

 

430

 

 

 

3,395

 

 

 

856

 

Sales and marketing

 

 

(3,159

)

 

 

4,549

 

 

 

(8,587

)

 

 

27,961

 

Research and development

 

 

1,563

 

 

 

295

 

 

 

3,022

 

 

 

601

 

Total

 

$

360

 

 

$

5,309

 

 

$

(1,478

)

 

$

29,488

 

 

See Restricted Stock Sold Through Issuance of Promissory Note below for more information regarding the fair value of liability classified awards which reduced sales and marketing stock-based compensation expense for the three and six months ended June 30, 2022, by approximately $3.7 million and $9.9 million, respectively.
Summarizes Stock Option Activity

The following table summarizes stock option activity under the 2013 Plan and 2021 Plan for the six months ended June 30, 2022:

 

 

 

Options

 

 

Weighted-
Average
Exercise Price

 

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

Outstanding at December 31, 2021

 

 

29,435,319

 

 

$

1.40

 

 

 

7.8

 

Granted

 

 

977,098

 

 

 

2.97

 

 

 

—

 

Exercised

 

 

(2,253,518

)

 

 

0.67

 

 

 

—

 

Cancelled

 

 

(18,876

)

 

 

0.96

 

 

 

—

 

Forfeited

 

 

(2,129,744

)

 

 

4.03

 

 

 

—

 

Outstanding at June 30, 2022

 

 

26,010,279

 

 

$

1.31

 

 

 

7.0

 

Exercisable at June 30, 2022

 

 

15,645,046

 

 

$

0.89

 

 

 

6.1

 

Vested or expected to vest at June 30, 2022

 

 

26,010,279

 

 

$

1.31

 

 

 

7.0

 
Summary of Share-based Payment Arrangement, Restricted Stock Unit, Activity

The following table summarizes the restricted stock unit activity under the equity incentive plan:

 

 

 

RSUs

 

 

Weighted-Average Grant Date Fair Value Per Share

 

Balance as of December 31, 2021

 

 

4,924,243

 

 

$

6.30

 

Granted

 

 

3,092,919

 

 

 

3.03

 

Vested

 

 

(350,934

)

 

 

7.61

 

Forfeited

 

 

(786,557

)

 

 

6.28

 

Outstanding at June 30, 2022

 

 

6,879,671

 

 

$

4.77

 

Vested or expected to vest at June 30, 2022

 

 

6,879,671

 

 

$

4.77