Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule 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 9,062  $ 24.10 
Exercised (324,130) $ 14.71 
Forfeited, canceled, or expired (30,379) $ 36.98 
Options outstanding as of September 30, 2026 1,260,351  $ 18.21  3.5 $ 424 
Vested and expected to vest at September 30, 2026 1,260,351  $ 18.21  3.5 $ 424 
Exercisable at September 30, 2026 1,251,289  $ 18.16  3.5 $ 424 
Schedule 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 1,527,872 
RSUs and PSUs vested (783,579)
RSUs forfeited (582,429)
Outstanding as of September 30, 2026 2,783,956  $ 10.76 
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 September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Cost of revenue $ 126  $ 62  $ 380  $ 254 
Research and development 710  747  2,566  $ 2,409 
Sales and marketing 277  219  1,007  $ 2,187 
General and administrative 1,655  2,802  5,821  $ 10,107 
$ 2,768  $ 3,830  $ 9,774  $ 14,957