Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.23.1
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
STOCK BASED COMPENSATION  
Schedule of option activity

The option activity of the Plans for the three months ended March 31, 2023, 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, 2023

8,423

$

1.83

 

6.02

$

922,092

Exercised

 

(496)

$

1.20

Forfeited/expired

 

(156)

$

2.12

Outstanding at March 31, 2023

 

7,771

$

1.86

5.70

4,720

Options vested at March 31, 2023

 

6,770

$

1.92

5.47

3,829

Options vested or expected to vest at March 31, 2023

 

7,763

$

1.86

5.70

4,713

RSU activity under the Plan

The activity for stock subject to vesting as of March 31, 2023, is as follows (shares in thousands):

Shares Subject 

    

Weighted-Average

    

to Vesting

    

Grant Date Fair Value

Balance of unvested shares as of January 1, 2023

102

 

$ 8.78

Vested

 

(25)

$ 1.94

Balance of unvested shares as of March 31, 2023

 

77

 

$ 8.78

Schedule of RSU activity

RSU activity under the 2020 Plan for the three months ended March 31, 2023, is as follows (shares in thousands):

Shares Subject 

    

Weighted-Average

    

to Vesting

    

Grant Date Fair Value

Balance of unvested shares as of January 1, 2023

22,145

$ 4.15

Granted

3,895

$ 1.91

Vested

(1,808)

$ 4.90

Cancelled/Forfeited

(1,356)

$ 4.09

Balance of unvested shares as of March 31, 2023

22,876

$ 3.71

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 consolidated statements of operations as follows (in thousands):

Three Months Ended March 31, 

2023

    

2022

Research and development

$

4,277

$

4,720

General and administrative expense

 

3,968

 

3,420

Sales and marketing expense

 

388

 

1,285

Cost of sales

 

680

 

487

Total stock-based compensation expense

$

9,313

$

9,912