Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.23.3
Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity under our equity compensation plans:

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term

 

 

 

 

 

 

 

 

(in years)

 

Options outstanding as of December 31, 2022

 

 

2,389,622

 

 

$

18.52

 

 

 

6.1

 

Granted

 

 

61,446

 

 

$

5.37

 

 

 

 

Exercised

 

 

—

 

 

$

—

 

 

 

 

Forfeited, canceled, or expired

 

 

(118,701

)

 

$

36.61

 

 

 

 

Options outstanding as of September 30, 2023

 

 

2,332,367

 

 

$

17.25

 

 

 

5.5

 

Vested and expected to vest at September 30, 2023

 

 

2,332,367

 

 

$

17.25

 

 

 

5.5

 

Exercisable at September 30, 2023

 

 

1,948,878

 

 

$

16.76

 

 

 

5.0

 
Summary of Restricted Stock Units Activity

The following table summarizes restricted stock unit ("RSU") activity under the 2021 Plan:

 

 

 

 

 

Number of RSUs

 

 

Weighted Average Grant Date Fair Value per Share

 

Outstanding as of December 31, 2022

 

 

 

 

1,547,256

 

 

$

19.60

 

RSUs granted

 

 

 

 

1,351,789

 

 

$

5.63

 

RSUs vested

 

 

 

 

(603,120

)

 

$

18.87

 

RSUs forfeited

 

 

 

 

(176,300

)

 

$

18.62

 

Outstanding as of September 30, 2023

 

 

 

 

2,119,625

 

 

$

11.04

 
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 condensed consolidated statements of operations:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Cost of revenue

 

$

48

 

 

$

60

 

 

$

173

 

 

$

180

 

Research and development

 

 

957

 

 

 

845

 

 

 

2,510

 

 

 

2,370

 

Sales and marketing

 

 

673

 

 

 

766

 

 

 

1,729

 

 

 

2,117

 

General and administrative

 

 

1,852

 

 

 

1,454

 

 

 

5,104

 

 

 

3,656

 

 

$

3,530

 

 

$

3,125

 

 

$

9,516

 

 

$

8,323