XML 55 R30.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Share Based Payment Award Stock Options Granted Valuation Assumptions

The assumptions that the Company used to determine the grant date fair value of stock options granted were as follows, presented on a weighted-average basis:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

Risk free interest rate

 

 

1.15

%

 

 

0.42

%

 

 

1.81

%

Expected volatility

 

 

48

%

 

 

44

%

 

 

57

%

Expected dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

Expected term (in years)

 

 

6.25

 

 

 

6.45

 

 

 

6.25

 

Summary of Stock Option Activity for Company's Stock Option Plans

A summary of stock option activity under the Plan, is as follows:

 

 

 

Stock Options Outstanding

 

 

 

 

 

 

Number
of Shares

 

 

Weighted Average
Exercise Price
(per share)

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

 

Aggregate
Intrinsic
Value (in millions)

 

Outstanding at December 31, 2020

 

 

39,837,195

 

 

$

3.49

 

 

 

8.87

 

 

$

101

 

Granted

 

 

3,843,666

 

 

 

19.94

 

 

 

 

 

 

 

Exercised

 

 

(3,346,352

)

 

 

0.90

 

 

 

 

 

 

 

Forfeited

 

 

(2,462,829

)

 

 

5.82

 

 

 

 

 

 

 

Outstanding at December 31, 2021

 

 

37,871,680

 

 

$

5.24

 

 

 

8.02

 

 

$

846

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2021

 

 

24,466,168

 

 

$

3.44

 

 

 

7.53

 

 

$

590

 

Summary of Restricted Stock Activity

A summary of RSA and RSU activity under the 2016 Plan and 2021 Plan is as follows:

 

 

 

Number of
Shares

 

 

Weighted average
grant date fair value
per share

 

Unvested restricted stock at December 31, 2020

 

 

5,410,440

 

 

$

4.51

 

Granted

 

 

1,079,864

 

 

 

31.77

 

Vested

 

 

(2,793,436

)

 

 

5.38

 

Forfeited

 

 

(28,700

)

 

 

34.18

 

Unvested restricted stock at December 31, 2021

 

 

3,668,168

 

 

$

11.65