Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.24.3
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
STOCK BASED COMPENSATION  
Schedule of option activity

The option activity of the Plans for the nine months ended September 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

 

(59)

$

16.76

Outstanding at September 30, 2024

 

557

$

18.50

4.19

70

Options vested at September 30, 2024

 

557

$

18.50

4.19

70

Options vested or expected to vest at September 30, 2024

 

557

$

18.50

4.19

70

Schedule of RSU activity

RSU activity under the 2020 Plan for the nine months ended September 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

$ 28.44

Granted

1,497

$ 6.73

Vested

(847)

$ 23.65

Cancelled/Forfeited

(256)

$ 32.01

Balance of unvested shares as of September 30, 2024

2,699

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 September 30, 

Nine Months Ended September 30, 

2024

    

2023

    

2024

    

2023

Research and development

$

1,896

$

3,662

$

7,783

$

12,612

General and administrative expense

 

2,837

 

2,802

 

9,122

 

10,419

Sales and marketing expense

 

527

 

702

 

1,647

 

1,881

Cost of sales

 

459

 

517

 

1,502

 

1,787

Total stock-based compensation expense

$

5,719

$

7,683

$

20,054

$

26,699