Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.24.1.1.u2
Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
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, 2023

 

 

2,198,552

 

 

$

17.11

 

 

 

5.0

 

Granted

 

 

—

 

 

$

—

 

 

 

 

Exercised

 

 

(37,536

)

 

$

7.13

 

 

 

 

Forfeited, canceled, or expired

 

 

(166,413

)

 

$

22.26

 

 

 

 

Options outstanding as of March 31, 2024

 

 

1,994,603

 

 

$

16.87

 

 

 

5.1

 

Vested and expected to vest at March 31, 2024

 

 

1,994,603

 

 

$

16.87

 

 

 

5.1

 

Exercisable at March 31, 2024

 

 

1,762,321

 

 

$

16.74

 

 

 

4.8

 
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, 2023

 

 

 

 

1,847,583

 

 

$

10.17

 

RSUs granted

 

 

 

 

1,905,380

 

 

$

13.61

 

RSUs vested

 

 

 

 

(204,511

)

 

$

12.49

 

RSUs forfeited

 

 

 

 

(784,990

)

 

$

13.48

 

Outstanding as of March 31, 2024

 

 

 

 

2,763,462

 

 

$

11.43

 
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 March 31,

 

 

 

2024

 

 

2023

 

Cost of revenue

 

$

61

 

 

$

77

 

Research and development

 

 

1,018

 

 

 

651

 

Sales and marketing

 

 

675

 

 

 

437

 

General and administrative

 

 

1,874

 

 

 

1,481

 

 

$

3,628

 

 

$

2,646