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Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summarizes the Aggregate Number of Stock Options And Restricted Stock Unit

The following table summarizes the aggregate number of stock options and restricted stock units, or RSUs, outstanding under the 2020 Plan as of December 31, 2021:

 

 

December 31, 2021

 

Outstanding stock options

 

18,493,303

 

% of outstanding shares on a fully diluted basis

 

4

%

Outstanding RSUs

 

9,277,176

 

% of outstanding shares on a fully diluted basis

 

2

%

 

Summary of Equity Awards Activity

The following table represents equity awards activity during the years ended December 31, 2021 and 2020:

 

 

For the Year Ended December 31,

 

 

2021

 

 

2020

 

Common shares issued for stock option exercises

 

1,203,845

 

 

 

1,623,460

 

Gross and net proceeds from stock option exercises

$

2,921,000

 

 

$

5,158,000

 

Common shares issued in settlement of vested RSUs

 

2,133,328

 

 

 

1,267,164

 

Shares retained for settlement of employee tax obligations  RSUs

 

782,917

 

 

 

461,143

 

Common shares issued in settlement of vested Performance-Based RSUs (1)

 

1,923,316

 

 

 

1,240,584

 

Shares retained for settlement of employee tax obligations ─ Performance-Based RSUs

 

816,931

 

 

 

514,784

 

 

(1)
Performance-based RSUs vested in connection with the achievement of certain regulatory and sales performance conditions associated with the REDUCE-IT clinical trial and subsequent revenue growth. These performance-based RSUs have fully vested as of August 2021.