Quarterly report [Sections 13 or 15(d)]

Stock Based Compensation (Tables)

v3.25.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
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, 2024

 

 

1,978,557

 

 

$

16.72

 

 

 

4.5

 

 

 

 

Granted

 

 

 

 

$

 

 

 

 

 

 

 

Exercised

 

 

(73,140

)

 

$

8.75

 

 

 

 

 

 

 

Forfeited, canceled, or expired

 

 

(22

)

 

$

61.60

 

 

 

 

 

 

 

Options outstanding as of March 31, 2025

 

 

1,905,395

 

 

$

17.03

 

 

 

4.1

 

 

$

378

 

Vested and expected to vest at March 31, 2025

 

 

1,905,395

 

 

$

17.03

 

 

 

4.1

 

 

$

378

 

Exercisable at March 31, 2025

 

 

1,868,793

 

 

$

17.09

 

 

 

4.0

 

 

$

378

 

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, 2024

 

 

 

 

2,777,156

 

 

$

10.32

 

RSUs granted

 

 

 

 

336,978

 

 

$

17.24

 

RSUs vested

 

 

 

 

(339,059

)

 

$

11.10

 

RSUs forfeited

 

 

 

 

(394,672

)

 

$

10.32

 

Outstanding as of March 31, 2025

 

 

 

 

2,380,403

 

 

$

11.19

 

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,

 

 

 

2025

 

 

2024

 

Cost of revenue

 

$

41

 

 

$

61

 

Research and development

 

 

675

 

 

 

1,018

 

Sales and marketing

 

 

682

 

 

 

675

 

General and administrative

 

 

2,489

 

 

 

1,874

 

 

$

3,887

 

 

$

3,628