Equity Based Awards (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Summary of Stock Option Activity |
Option activity under the plan for the year to date period ending June 30, 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 |
|
|
(1,386,548 |
) |
|
|
1.08 |
|
|
|
|
Forfeited |
|
|
(1,612,180 |
) |
|
|
2.14 |
|
|
|
|
Outstanding at June 30, 2022 |
|
|
12,930,751 |
|
|
$ |
1.97 |
|
|
7.46 |
|
Options exercisable at June 30, 2022 |
|
|
7,722,203 |
|
|
$ |
1.85 |
|
|
7.18 |
|
|
| Summary of Additional information Regarding Exercise of Stock Options |
Additional information regarding the exercise of stock options is as follows:
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|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
(in thousands, except weighted average) |
|
2022 |
|
|
2021 |
|
Intrinsic value of options exercised |
|
$ |
3,024 |
|
|
$ |
6,450 |
|
|
| Summary of Restricted Stock Units Activity |
The following table summarizes the RSU activity for the six months ended June 30, 2022:
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted-
Average
Grant Date Fair Value
(Per
Share) |
|
Outstanding at December 31, 2021 |
|
|
4,337,556 |
|
|
$ |
9.12 |
|
Granted |
|
|
2,275,783 |
|
|
|
3.29 |
|
Vested |
|
|
(592,376 |
) |
|
|
8.84 |
|
Forfeited |
|
|
(297,761 |
) |
|
|
8.88 |
|
Unvested at June 30, 2022 |
|
|
5,723,202 |
|
|
$ |
7.47 |
|
|
| Summary of Recognized Stock-based Compensation Expense |
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|
|
|
|
|
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|
|
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|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Stock options |
|
$ |
957 |
|
|
$ |
1,188 |
|
|
$ |
1,944 |
|
|
$ |
2,382 |
|
Restricted stock units |
|
|
3,048 |
|
|
|
589 |
|
|
|
6,346 |
|
|
|
589 |
|
Stock-based compensation expense for restricted stock units and options |
|
$ |
4,005 |
|
|
$ |
1,777 |
|
|
$ |
8,290 |
|
|
$ |
2,971 |
|
|
| 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 and comprehensive income (loss) for the three and six months ended June 30, 2022 and 2021:
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|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
(in thousands) |
|
2022 |
|
|
2021 |
|
|
2022 |
|
|
2021 |
|
Cost of revenue |
|
$ |
102 |
|
|
$ |
62 |
|
|
$ |
217 |
|
|
$ |
89 |
|
Sales and marketing |
|
|
775 |
|
|
|
237 |
|
|
|
1,624 |
|
|
|
320 |
|
Research and development |
|
|
1,572 |
|
|
|
394 |
|
|
|
2,991 |
|
|
|
725 |
|
General and administrative |
|
|
2,463 |
|
|
|
1,084 |
|
|
|
5,502 |
|
|
|
1,837 |
|
Total stock-based compensation expense |
|
$ |
4,912 |
|
|
$ |
1,777 |
|
|
$ |
10,334 |
|
|
$ |
2,971 |
|
|