Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

v3.22.4
Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity under the 2021 Plan and the 2012 Plan:

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term

 

 

 

 

 

 

 

 

 

(in years)

 

Options outstanding as of December 31, 2021

 

 

21,263,847

 

 

$

2.40

 

 

 

7.2

 

Granted

 

 

179,119

 

 

$

1.74

 

 

 

 

Exercised

 

 

(503,805

)

 

$

1.60

 

 

 

 

Forfeited, canceled, or expired

 

 

(1,819,756

)

 

$

3.43

 

 

 

 

Options outstanding as of December 31, 2022

 

 

19,119,405

 

 

$

2.32

 

 

 

6.1

 

Vested and expected to vest at December 31, 2022

 

 

19,119,405

 

 

$

2.32

 

 

 

6.1

 

Exercisable at December 31, 2022

 

 

14,553,588

 

 

$

2.11

 

 

 

5.5

 

Summary of Restricted Stock Units Activity

The following table summarizes stock RSU activity under the 2021 Plan:

 

 

 

 

 

Number of RSUs

 

 

Weighted Average Grant Date Fair Value per Share

 

Outstanding as of December 31, 2021

 

 

 

 

783,902

 

 

$

3.94

 

RSUs granted

 

 

 

 

12,839,420

 

 

$

2.41

 

RSUs vested

 

 

 

 

(242,486

)

 

$

3.62

 

RSUs forfeited

 

 

 

 

(1,000,591

)

 

$

2.73

 

Outstanding as of December 31, 2022

 

 

 

 

12,380,245

 

 

$

2.46

 

Schedule of Stock Based Compensation Expense Based on Roles and Responsibilities of Employees

The following table summarizes the components of total stock-based compensation expense based on roles and responsibilities of the employees within the consolidated statements of operations:

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

Cost of revenue

 

$

232

 

 

$

432

 

Research and development

 

 

3,154

 

 

 

2,859

 

Sales and marketing

 

 

2,822

 

 

 

2,307

 

General and administrative

 

 

5,283

 

 

 

6,036

 

 

 

$

11,491

 

 

$

11,634

 

 

Summary of Assumptions Used To Estimated Grant-Date Fair Value

The fair value of stock options was estimated using the following assumptions at the date of the grant:

 

 

 

Year Ended December 31,

 

 

2022

 

2021

Risk-free interest rate

 

2.9%

 

0.6% - 1.4%

Expected volatility factor

 

58.3%

 

66.9% - 70.0%

Expected option life

 

5.5 years

 

5.0 - 6.08 years

Expected dividend yield