XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options Activity

The following summarizes the Company’s stock option activity for the six months ended June 30, 2022:

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

Number of Shares

 

 

Weighted Average Exercise Price

 

 

Weighted-Average Remaining Contractual Term
(in years)

 

 

Aggregate Intrinsic Value
(in thousands)

 

Outstanding – December 31, 2021

 

 

10,027,094

 

 

$

3.28

 

 

 

7.2

 

 

$

67,173

 

Granted (a)

 

 

6,076,103

 

 

2.21

 

 

 

 

 



 

Exercised

 

 

(1,575,984

)

 

0.35

 

 

 

 

 



 

Cancelled

 

 

(943,681

)

 

6.52

 

 

 

 

 



 

Outstanding – June 30, 2022

 

 

13,583,532

 

 

$

2.92

 

 

7.2

 

 

$

15,828

 

Exercisable – December 31, 2021

 

 

5,176,464

 

 

$

0.46

 

 

5.3

 

 

$

49,268

 

Exercisable – June 30, 2022

 

 

7,859,849

 

 

$

0.91

 

 

5.8

 

 

$

14,748

 

 

(a) In connection with the acquisition of RE2, the Company assumed certain outstanding options to acquire RE2 common stock which, following such assumption, were converted to rights to acquire 3.9 million shares of the Company's common stock at a weighted-average exercise price of $1.05 per share.

Summary of RSU and RSA Activity

The following summarizes the Company’s RSU activity for the six months ended June 30, 2022:

 

 

 

Restricted Stock Units Outstanding

 

 

 

Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Outstanding – December 31, 2021

 

 

1,797,474

 

 

$

8.34

 

Granted

 

 

2,464,180

 

 

3.91

 

Released

 

 

(825,280

)

 

8.69

 

Cancelled

 

 

(235,776

)

 

8.52

 

Outstanding – June 30, 2022

 

 

3,200,598

 

 

$

4.83

 

 

The following summarizes the Company’s RSA activity for the six months ended June 30, 2022:

 

 

 

Restricted Stock Awards Outstanding

 

 

 

Number of Shares

 

 

Weighted-Average Grant-Date Fair Value

 

Outstanding – December 31, 2021



 

5,129,222

 

 

$

8.78

 

Granted

 

 

26,865

 

 

 

5.83

 

Released



 

(2,591,476

)

 

 

8.75

 

Outstanding – June 30, 2022

 

 

2,564,611

 

 

$

8.78

 

Schedule of Stock Based Compensation Expense

The Company recognized stock-based compensation expense in the condensed consolidated statement of operations and comprehensive loss as follows:

 

 

 

For the three months ended June 30,

 

 

For the six months ended June 30,

 

(In thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

24

 

 

$

15

 

 

$

38

 

 

$

43

 

Research and development

 

 

159

 

 

 

73

 

 

 

314

 

 

 

134

 

Sales and marketing

 

 

251

 

 

 

12

 

 

 

383

 

 

 

22

 

General and administrative

 

 

9,836

 

 

 

119

 

 

 

20,385

 

 

 

193

 

Total stock-based compensation expense

 

$

10,270

 

 

$

219

 

 

$

21,120

 

 

$

392