| Summary of Convertible Preferred Stock Authorized, Issued and Outstanding |
The following table summarizes details of convertible preferred stock authorized, issued and outstanding as of December 31, 2020. The Company has retroactively adjusted the shares issued and outstanding prior to July 14, 2021 to give effect to the Exchange Ratio to determine the number of shares of common stock into which they were converted:
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December 31, 2020 |
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(in thousands, except for share counts) |
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Shares
Authorized |
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Shares Issued
and
Outstanding |
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Issuance
Price Per
Share |
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Net
Carrying
Value |
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Liquidation
Preference |
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Series Seed |
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18,233,848 |
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17,062,642 |
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$ |
0.0649 |
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$ |
1,107 |
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$ |
1,107 |
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Series A |
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28,725,920 |
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27,354,298 |
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0.3107 |
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8,437 |
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8,500 |
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Series B |
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34,391,480 |
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32,749,335 |
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0.4635 |
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15,096 |
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15,180 |
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Series C |
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14,468,290 |
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13,777,449 |
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2.1775 |
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29,881 |
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30,000 |
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Series D |
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17,599,646 |
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16,649,077 |
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4.9906 |
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82,976 |
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83,089 |
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Total convertible preferred stock |
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113,419,184 |
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107,592,801 |
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$ |
137,497 |
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$ |
137,876 |
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| Summary of Common Stock Reserved for Future Issuance |
The Company has reserved the following shares of common stock for future issuance:
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September 30,
2021 |
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December 31,
2020 |
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Common stock options outstanding and unvested RSU |
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20,411,434 |
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18,493,013 |
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Shares available for issuance under the 2021 plan |
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22,088,566 |
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— |
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Shares available for issuance under the 2013 plan |
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— |
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4,427,323 |
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Convertible preferred stock outstanding |
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— |
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107,592,801 |
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Warrants to purchase Series D convertible
preferred stock |
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— |
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110,211 |
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Common stock warrants outstanding |
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8,525,000 |
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180,928 |
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Shares available for issuance as Earnout RSU |
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1,400,000 |
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— |
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Employee stock purchase plan |
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4,700,000 |
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— |
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Total shares of authorized common stock reserved
for future issuance |
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57,125,000 |
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130,804,276 |
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