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Equity (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022:

 

 

December 31, 2022

 

Outstanding stock options

 

19,182,111

 

% of outstanding shares on a fully diluted basis

 

4

%

Outstanding RSUs

 

14,461,050

 

% of outstanding shares on a fully diluted basis

 

3

%

 

Summary of Equity Awards Activity

The following table represents equity awards activity during the years ended December 31, 2022 and 2021:

 

 

For the Year Ended December 31,

 

 

2022

 

 

2021

 

Common shares issued for stock option exercises

 

33,303

 

 

 

1,203,845

 

Gross and net proceeds from stock option exercises

$

59,686

 

 

$

2,921,000

 

Common shares issued in settlement of vested RSUs

 

1,940,371

 

 

 

1,203,845

 

Shares retained for settlement of employee tax obligations  RSUs

 

500,064

 

 

 

782,917

 

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

 

 

 

 

1,923,316

 

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

 

 

 

 

816,931

 

 

(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.