Annual report pursuant to Section 13 and 15(d)

Equity Based Awards (Tables)

v3.24.0.1
Equity Based Awards (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Option activity under the 2021 Plan for the year ended December 31, 2023 is as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price
(Per
Share)

 

 

Weighted-
Average
Remaining
Contractual
Life
(in years)

 

Outstanding at December 31, 2022

 

 

11,922,334

 

 

$

2.00

 

 

 

6.99

 

Granted

 

 

—

 

 

 

—

 

 

 

 

Exercised

 

 

(510,294

)

 

 

0.37

 

 

 

 

Forfeited

 

 

(523,589

)

 

 

2.12

 

 

 

 

Outstanding at December 31, 2023

 

 

10,888,451

 

 

$

2.07

 

 

6.13

 

Options exercisable at December 31, 2023

 

 

9,948,613

 

 

$

2.06

 

 

 

6.07

 

 
Summary of Additional information Regarding Exercise of Stock Options

Additional information regarding the exercise of stock options is as follows:

 

 

 

Year Ended December 31,

 

(in thousands, except weighted average)

 

2023

 

 

2022

 

Intrinsic value of options exercised

 

$

501

 

 

$

3,525

 
Summary of Restricted Stock Units Activity The following table summarizes the RSU activity for the year ended December 31, 2023:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant Date Fair Value
(Per
Share)

 

Outstanding at December 31, 2022

 

 

11,040,595

 

 

$

3.94

 

Granted

 

 

10,958,347

 

 

 

1.15

 

Vested

 

 

(3,965,864

)

 

 

3.63

 

Forfeited

 

 

(2,722,080

)

 

 

3.38

 

Unvested at December 31, 2023

 

 

15,310,998

 

 

$

2.12

 
Summary of Recognized Stock-based Compensation Expense

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

Stock options

 

$

2,641

 

 

$

3,493

 

Restricted stock units

 

 

11,398

 

 

 

13,114

 

Stock-based compensation expense for restricted stock units and options

 

$

14,039

 

 

$

16,607

 

 
Summary Of Stock-based Compensation Based On Awards Granted

The stock-based compensation expense for stock-based awards and earnout shares was recognized in the following captions within the consolidated statements of operations:

 

 

 

Year Ended December 31,

 

(in thousands)

 

2023

 

 

2022

 

Cost of revenue

 

$

259

 

 

$

354

 

Sales and marketing

 

 

1,851

 

 

 

2,158

 

Research and development

 

 

4,649

 

 

 

4,584

 

General and administrative

 

 

7,228

 

 

 

11,113

 

Total stock-based compensation expense

 

$

13,987

 

 

$

18,209