Annual report [Section 13 and 15(d), not S-K Item 405]

Equity Based Awards (Tables)

v3.25.1
Equity Based Awards (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Option activity under the 2021 Plan for the year ended December 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

 

 

1,088,845

 

 

$

20.71

 

 

 

6.13

 

Forfeited

 

 

(62,603

)

 

 

15.72

 

 

 

 

Outstanding at December 31, 2024

 

 

1,026,242

 

 

$

21.01

 

 

5.18

 

Options exercisable at December 31, 2024

 

 

1,026,160

 

 

$

21.01

 

 

 

5.18

 

 

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)

 

2024

 

 

2023

 

Intrinsic value of options exercised

 

$

-

 

 

$

501

 

Summary of Restricted Stock Units Activity The following table summarizes the RSU activity for the year ended December 31, 2024:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant Date Fair Value
(Per
Share)

 

Outstanding at December 31, 2022

 

 

1,104,060

 

 

$

39.37

 

Granted

 

 

1,095,834

 

 

 

11.50

 

Vested

 

 

(396,586

)

 

 

36.24

 

Forfeited

 

 

(272,208

)

 

 

33.85

 

Outstanding at December 31, 2023

 

 

1,531,100

 

 

$

21.21

 

Granted

 

 

1,248,389

 

 

 

4.10

 

Vested

 

 

(610,099

)

 

 

20.01

 

Forfeited

 

 

(646,892

)

 

 

15.19

 

Unvested at December 31, 2024

 

 

1,522,498

 

 

$

10.22

 

Summary of Recognized Stock-based Compensation Expense

 

 

Year Ended December 31,

 

(in thousands)

 

2024

 

 

2023

 

Stock options

 

$

954

 

 

$

2,641

 

Restricted stock units

 

 

11,079

 

 

 

11,398

 

Stock-based compensation expense for restricted stock units and options

 

$

12,033

 

 

$

14,039

 

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)

 

2024

 

 

2023

 

Cost of revenue

 

$

137

 

 

$

259

 

Sales and marketing

 

 

1,418

 

 

 

1,851

 

Research and development

 

 

3,216

 

 

 

4,649

 

General and administrative

 

 

7,204

 

 

 

7,228

 

Total stock-based compensation expense

 

$

11,975

 

 

$

13,987