Quarterly report [Sections 13 or 15(d)]

Stock Based Compensation (Tables)

v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity under the Company’s equity compensation plans (dollars in thousands, except for per share amounts):

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term (in years)

 

 

Aggregate Intrinsic Value

 

Options outstanding as of December 31, 2025

 

 

1,605,798

 

 

$

17.82

 

 

 

4.0

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2,879

)

 

$

7.45

 

 

 

 

 

 

 

Forfeited, canceled, or expired

 

 

(6,602

)

 

$

12.52

 

 

 

 

 

 

 

Options outstanding as of March 31, 2026

 

 

1,596,317

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest at March 31, 2026

 

 

1,596,317

 

 

$

17.86

 

 

 

3.7

 

 

$

794

 

Exercisable at March 31, 2026

 

 

1,574,667

 

 

$

17.96

 

 

 

3.7

 

 

$

760

 

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, 2025

 

 

 

 

2,622,092

 

 

$

10.19

 

RSUs granted

 

 

 

 

1,218,366

 

 

 

 

RSUs and PSUs vested

 

 

 

 

(419,079

)

 

 

 

RSUs forfeited

 

 

 

 

(176,633

)

 

 

 

Outstanding as of March 31, 2026

 

 

 

 

3,244,746

 

 

$

10.38

 

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 (in thousands):

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Cost of revenue

 

$

116

 

 

$

113

 

Research and development

 

 

1,268

 

 

 

825

 

Sales and marketing

 

 

321

 

 

 

1,478

 

General and administrative

 

 

2,258

 

 

 

2,489

 

 

$

3,963

 

 

$

4,905