Quarterly report pursuant to Section 13 or 15(d)

Equity Based Awards (Tables)

v3.22.1
Equity Based Awards (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity Option activity under the plan for the year to date period ending March 31, 2022 is as follows:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price
(Per
Share)

 

 

Weighted-
Average
Remaining
Contractual
Life
(in years)

 

Outstanding at December 31, 2021

 

 

15,929,479

 

 

$

1.81

 

 

 

8.71

 

Granted

 

 

—

 

 

 

—

 

 

 

 

Exercised

 

 

(942,836

)

 

 

0.62

 

 

 

 

Forfeited

 

 

(52,548

)

 

 

2.05

 

 

 

 

Outstanding at March 31, 2022

 

 

14,934,095

 

 

$

1.99

 

 

7.81

 

Options exercisable at March 31, 2022

 

 

7,223,666

 

 

$

1.84

 

 

7.42

 
Summary of Additional information Regarding Exercise of Stock Options

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

 

 

 

Three Months Ended March 31,

 

(in thousands, except weighted average)

 

2022

 

 

2021

 

Intrinsic value of options exercised

 

 

2,750

 

 

 

1,458

 
Summary of Restricted Stock Units Activity The following table summarizes the RSU activity for the three months ended March 31, 2022:

 

 

 

Number of
Shares

 

 

Weighted-
Average
Grant Date Fair Value
(Per
Share)

 

Outstanding at December 31, 2021

 

 

4,337,556

 

 

$

9.12

 

Granted

 

 

721,350

 

 

 

3.32

 

Vested

 

 

(200,473

)

 

 

9.22

 

Forfeited

 

 

(109,440

)

 

 

9.31

 

Unvested at March 31, 2022

 

 

4,748,993

 

 

$

8.23

 

 
Summary of Recognized Stock-based Compensation Expense

 

 

Three Months Ended March 31,

 

(in thousands)

 

2022

 

 

2021

 

Stock Options

 

$

987

 

 

$

1,194

 

Restricted Stock Units

 

 

3,298

 

 

 

—

 

Stock-based compensation expense for restricted stock units and options

 

$

4,285

 

 

$

1,194

 

 
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 consolidated statements of operations and comprehensive income (loss) for the three months ended March 31, 2022 and 2021:

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2022

 

 

2021

 

Cost of revenue

 

$

115

 

 

$

27

 

Sales and marketing

 

 

848

 

 

 

84

 

Research and development

 

 

1,419

 

 

 

331

 

General and administrative

 

 

3,040

 

 

 

752

 

Total stock-based compensation expense

 

$

5,422

 

 

$

1,194