Redeemable Convertible Preferred Stock and Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Key Inputs Used in the Fair Value Calculation of Share Purchase Option

The following table represents the key inputs used in the fair value calculation:

	As of
	December 31, 2022		December 31, 2021
Risk free interest rate	4.72	%	0.45	%
Projected year of payment	2023		2022 — 2023
Revenue volatility	20.1	%	22.3	%
Discount rate	9.72	%	5.87	%

Schedule of Common Stock Reserved For Future Issuance

As of December 31, 2022, the Company had reserved the following shares of common stock for future issuance pursuant to the 2021 Stock Option and Incentive Plan (the “2021 Plan”):

Shares of common stock authorized for issuance	13,503,001
Options outstanding	(2,041,634)
Restricted stock units issued and outstanding	(1,346,925)
Performance stock units issued and outstanding	(1,377,216)
Shares of common stock reserved for future issuance (1)	8,737,226

(1) Excluded from the table above are 4,823,631 options and 53,331 restricted stock awards granted under the 2019 Plan, which upon exercise or vesting, will not impact the shares of common stock reserved for future issuance reflected above.