Markforged Holding Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Equity Based Awards (Tables)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Three Months Ended March 31,

(in thousands, except weighted average)

Intrinsic value of options exercised

v3.24.1.u1

Equity Based Awards (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

Option activity under the plan for the year to date period ending March 31, 2024 is as follows:


	Number of Shares			Weighted- Average Exercise Price (Per Share)		Weighted- Average Remaining Contractual Life (in years)
Outstanding at December 31, 2023		10,888,451		$	2.07		6.13
Granted		—			—
Exercised		—			—
Forfeited		(131,876	)		1.81
Outstanding at March 31, 2024		10,756,575		$	2.07	5.89
Options exercisable at March 31, 2024		10,117,051		$	2.07		5.84

Summary of Additional information Regarding Exercise of Stock Options

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

Summary of Restricted Stock Units Activity

The following table summarizes the RSU activity for the three months ended March 31, 2024:


	Number of Shares			Weighted- Average Grant Date Fair Value (Per Share)
Outstanding at December 31, 2023		15,310,998		$	2.12
Granted		99,800			0.66
Vested		(989,304	)		2.72
Forfeited		(703,589	)		1.92
Unvested at March 31, 2024		13,717,905		$	2.08

Summary of Recognized Stock-based Compensation Expense


	Three Months Ended March 31,
(in thousands)	2024		2023
Stock options	$	299	$	738
Restricted stock units		3,199		3,406
Stock-based compensation expense for restricted stock units and options	$	3,498	$	4,144

Summary Of Stock-based Compensation Based On Awards Granted

The stock-based compensation expense for stock-based awards and earnout shares were recognized in the following captions within the condensed consolidated statements of operations for the three months ended March 31, 2024 and 2023:


	Three Months Ended March 31,
(in thousands)	2024		2023
Cost of revenue	$	49	$	73
Sales and marketing		405		475
Research and development		1,100		1,147
General and administrative		1,907		2,661
Total stock-based compensation expense	$	3,461	$	4,356

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