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STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Share-based Payment Arrangement, Option, Activity

A summary of stock option activity under the Plans was as follows:

			Number of options						Weighted- average exercise price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value
Options outstanding at January 1, 2023			4,410						$	14.04					6.25						$	251,832
Granted (1)			—
Exercised			(542)						8.57
Forfeited and expired			(3)						22.37
Options outstanding at March 31, 2023			3,865						$	14.80					6.17						$	493,610
Options exercisable at March 31, 2023			3,297						$	14.05					6.00						$	423,829

________________

(1) There were no stock options granted during the three months ended March 31, 2023 and 2022.

Share-based Payment Arrangement, RSU, Activity

A summary of RSU activity under the Plans was as follows:

			Restricted stock units						Weighted- average grant date fair value per share
Outstanding at January 1, 2023			2,036						$	85.74
Granted			185						97.62
Released			(115)						84.18
Forfeited			(58)						97.80
Outstanding at March 31, 2023			2,048						$	86.56

Share-based Payment Arrangement, Payment Award

Tranche						Company Stock Price Hurdle						Number of RSUs Eligible to Vest
1						$	127.50					90
2						$	153.00					90
3						$	178.50					90
4						$	204.00					180
5						$	255.00					180
6						$	306.00					180
7						$	357.00					180
8						$	408.00					180
9						$	612.00					270
10						$	816.00					360

The weighted-average grant date fair value of the Founder Awards was estimated to be $61.56 per share and t

Share-based Payment Arrangement, Expensed, Amount

Stock based compensation expense is included in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss as shown in the following table:

			Three Months Ended March 31,
			2023						2022
Cost of revenues			$	11					$	6
Research and development			9,346						3,632
Sales and marketing			779						348
General and administrative			10,937						10,600
Total			$	21,073					$	14,586

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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