Spire Global, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of the Stock Based Compensation Expense based on Roles and Responsibilities of the 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:


	Six Months Ended June 30,
	2021		2020
Cost of revenue	$	44	$	17
Research and development		1,253		443
Sales and marketing		728		145
General and administrative		2,476		315

	$	4,501	$	920

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,
	2020		2019
Cost of revenue	$	39	$	35
Research and development		1,000		827
Sales and marketing		327		246
General and administrative		794		782

	$	2,160	$	1,890

Schedule of Fair Value of all Stock Based Compensation was Estimated using the Assumptions at the Date of the Grant

The fair value of all stock-based compensation was estimated using the following assumptions at the date of the grant:


	Year Ended December 31,
	2020		2019
Risk-free interest rate		0.4% - 1.5%		1.5% - 2.6%
Expected volatility factor		44.9% - 68.4%		41.0% - 43.9%
Expected option life		5.1 - 6.8 years		5.5 - 6.8 years
Expected forfeitures		14.19%		15.14%
Expected dividend yield		—		—

Share-based Payment Arrangement, Employee [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Option Activity

The following table summarizes stock option activity for employees under the Plan:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)
Options outstanding at January 1, 2021		10,537,623		$	3.27		7.9
Granted		2,296,277			8.31
Exercised		(257,830	)		2.28
Forfeited, canceled, or expired		(201,739	)		4.71

Options outstanding at June 30, 2021		12,374,331			4.21		7.8

Vested and expected to vest at June 30, 2021		11,027,381			4.11		7.7
Exercisable at June 30, 2021		5,477,466			3.17		6.4

The following table summarizes stock option activity for employees under the Plan:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)
Options outstanding at December 31, 2018		7,093,394		$	2.67		7.9
Granted		1,679,342			3.50
Exercised		(20,224	)		1.80
Forfeited, canceled, or expired		(685,698	)		2.56

Options outstanding at December 31, 2019		8,066,814			2.86		7.8
Granted		3,683,015			3.94
Exercised		(36,055	)		2.08
Forfeited, canceled, or expired		(1,176,151	)		2.55

Options outstanding at December 31, 2020		10,537,623			3.27		7.9

Vested and expected to vest at December 31, 2020		9,040,826			3.21		7.7
Exercisable at December 31, 2020		4,510,574			2.70		6.3

Share-based Payment Arrangement, Nonemployee [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Option Activity

The following table summarizes stock option activity for

non-employees

under the Plan:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)
Options outstanding at January 1, 2021		225,067		$	1.31		4.5
Granted		—
Exercised		(76,667	)		1.15
Forfeited, canceled, or expired		(103,400	)		0.76

Options outstanding at June 30, 2021		45,000			2.83		6.4

Vested and expected to vest at June 30, 2021		52,897			2.67		5.5
Exercisable at June 30, 2021		50,083			2.62		5.3

The following table summarizes stock option activity for

non-employees

under the Plan:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)
Options outstanding at December 31, 2018		235,067		$	1.39		6.6
Granted		—
Exercised		(3,125	)		3.38
Forfeited, canceled, or expired		(16,875	)		3.38

Options outstanding at December 31, 2019		215,067			1.20		5.3
Granted		10,000			3.57

Options outstanding at December 31, 2020		225,067			1.31		4.5

Vested and expected to vest at December 31, 2020		224,673			1.30		4.5
Exercisable at December 31, 2020		219,650			1.25		4.4