Spire Global, Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

The following table summarizes stock option activity under the Plan:


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term
						(in years)
Options outstanding at December 31, 2020 (1)		19,444,178			1.78		7.9
Granted		4,909,367			4.88
Exercised		(923,200	)		1.40
Forfeited, canceled, or expired		(2,166,498	)		2.96

Options outstanding at December 31, 2021		21,263,847			2.40		7.2

Vested and expected to vest at December 31, 2021		21,263,847			2.40		7.2
Exercisable at December 31, 2021		12,651,086			1.91		6.3

(1)	These amounts have been adjusted to correctly present the prior period activity and options outstanding at December 31, 2020.

Summary of Restricted Stock Units Activity

The following table summarizes stock RSU activity under the Plan:


	Number of Shares			Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2020		—		$	—
RSU granted		866,402		$	4.08
RSU vested		—		$	—
RSU forfeited		(82,500	)	$	5.35

Outstanding as of December 31, 2021		783,902		$	3.94

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 Consolidated Statements of Operations:


	Year Ended December 31,
	2021		2020
Cost of revenue	$	432	$	39
Research and development		2,859		1,000
Sales and marketing		2,307		327
General and administrative		6,036		794

	$	11,634	$	2,160

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,
	2021		2020
Risk-free interest rate		0.6% - 1.4%		0.4% - 1.5%
Expected volatility factor		66.9% - 70.0%		44.9% - 68.4%
Expected option life		5.0 - 6.08 years		5.1 - 6.8 years
Expected dividend yield		—		—