Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.24.2
STOCK BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
STOCK BASED COMPENSATION  
Schedule of option activity

The option activity of the Plans for the six months ended June 30, 2024, is as follows (shares in thousands):

    

    

Weighted-Average 

 

Weighted-Average 

Remaining 

 

Aggregate

Number of 

Exercise Price 

Contractual Term 

 

Intrinsic Value

    

Shares

    

per Share

    

(in years)

 

(in thousands)

Outstanding at January 1, 2024

616

$

18.30

 

4.97

$

140

Forfeited/expired

 

(53)

$

16.43

Outstanding at June 30, 2024

 

563

$

18.52

4.44

59

Options vested at June 30, 2024

 

558

$

18.56

4.43

59

Options vested or expected to vest at June 30, 2024

 

563

$

18.52

4.44

59

Schedule of RSU activity

RSU activity under the 2020 Plan for the six months ended June 30, 2024, is as follows (shares in thousands):

Shares Subject 

    

Weighted-Average

    

to Vesting

    

Grant Date Fair Value

Balance of unvested shares as of January 1, 2024

2,305

$ 28.40

Granted

1,472

$ 6.77

Vested

(727)

$ 21.48

Cancelled/Forfeited

(205)

$ 33.72

Balance of unvested shares as of June 30, 2024

2,845

Schedule of stock-based compensation expense

Total stock-based compensation expense related to all of the Company’s stock-based awards granted is reported in the condensed consolidated statements of operations as follows (in thousands):

Three Months Ended June 30, 

Six Months Ended June 30, 

2024

    

2023

    

2024

    

2023

Research and development

$

2,384

$

4,673

$

5,887

$

8,950

General and administrative expense

 

3,107

 

3,649

 

6,285

 

7,617

Sales and marketing expense

 

531

 

791

 

1,120

 

1,179

Cost of sales

 

475

 

590

 

1,043

 

1,270

Total stock-based compensation expense

$

6,497

$

9,703

$

14,335

$

19,016