Quarterly report [Sections 13 or 15(d)]

Stock Based Compensation (Tables)

v3.25.0.1
Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 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

 

 

Aggregate Intrinsic Value ('000)

 

 

 

 

 

 

 

 

(in years)

 

 

 

 

Options outstanding as of December 31, 2023

 

 

2,198,552

 

 

$

17.11

 

 

 

5.0

 

 

 

 

Granted

 

 

33,901

 

 

$

10.17

 

 

 

 

 

 

 

Exercised

 

 

(37,758

)

 

$

7.13

 

 

 

 

 

 

 

Forfeited, canceled, or expired

 

 

(192,908

)

 

$

21.78

 

 

 

 

 

 

 

Options outstanding as of June 30, 2024

 

 

2,001,787

 

 

$

16.74

 

 

 

5.0

 

 

$

1,438

 

Vested and expected to vest at June 30, 2024

 

 

2,001,787

 

 

$

16.74

 

 

 

5.0

 

 

$

1,438

 

Exercisable at June 30, 2024

 

 

1,857,054

 

 

$

16.44

 

 

 

4.8

 

 

$

1,416

 
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

 

 

 

 

2,412,784

 

 

$

13.17

 

RSUs vested

 

 

 

 

(584,746

)

 

$

10.97

 

RSUs forfeited

 

 

 

 

(799,786

)

 

$

13.35

 

Outstanding as of June 30, 2024

 

 

 

 

2,875,835

 

 

$

11.64

 

 
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of revenue

 

$

63

 

 

$

48

 

 

$

124

 

 

$

125

 

Research and development

 

 

1,210

 

 

 

902

 

 

 

2,228

 

 

 

1,553

 

Sales and marketing

 

 

944

 

 

 

619

 

 

 

1,619

 

 

 

1,056

 

General and administrative

 

 

2,578

 

 

 

1,771

 

 

 

4,452

 

 

 

3,252

 

 

$

4,795

 

 

$

3,340

 

 

$

8,423

 

 

$

5,986