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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Common Stock Reserved for Future Issuance
The Company has the following shares of common stock reserved for future issuance, on an as-if converted basis:
March 31,
2023
December 31,
2022
Warrants to purchase common stock3,282,6523,282,652
Stock options issued and outstanding under 2018 Plan12,519,27512,853,072
Shares available for grant under 2022 Plan (1)10,784,3824,804,751
RSUs issued and outstanding under 2022 Plan8,860,09210,884,476
Shares available for grant under 2022 ESPP5,797,6094,072,000
Outstanding Private Placement Warrants7,386,6677,386,667
Total shares of common stock reserved48,630,677 43,283,618

(1) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan.
Schedule of Stock Option Activity Stock option activity during the three months ended March 31, 2023 consisted of the following (in thousands, except for share and per share data):
Stock OptionsWeighted Average Exercise PriceWeighted- Average Life (Years)Aggregate Intrinsic Value
Balance as of December 31, 202212,853,072 $2.39 7.0$7,055 
Exercised(117,215)0.52 
Cancelled/Forfeited/Expired(216,582)1.74 
Balance as of March 31, 202312,519,275 $2.42 6.8$6,847 
Vested and exercisable as of March 31, 20236,649,871 $1.72 5.7$5,620 
Schedule of RSU Activity
RSU activity during the three months ended March 31, 2023 was as follows:
RSUsWeighted Average Grant Date Fair Value Per Share
Unvested as of December 31, 202210,578,313 $10.04 
Vested(1)
(1,233,277)$19.90 
Forfeited(559,416)$12.97 
Unvested as of March 31, 20238,785,620 $8.47 
    
(1) Common stock has not been issued in connection with 74,472 vested RSUs because such RSUs were unsettled as of March 31, 2023.