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Stock-based compensation (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock option activity
The following table summarizes the Company’s stock option activity during the periods presented (in thousands except share and per share data):
Number of options outstandingWeighted  average  exercise  price  ($)Weighted average remaining contractual term (years)Aggregate intrinsic value ($)
Balance as of December 31, 202215,387,546$1.76 7.12$8,763 
Granted— 
Exercised(672,583)0.81 40 
Forfeited(45,731)1.14 
Expired(26,821)0.81 
Balance as of March 31, 202314,642,411$1.72 7.45
Options exercisable as of March 31, 202311,919,869$1.02 6.67
Options unvested as of March 31, 20233,544,841$3.84 8.75
RSU activity
The following table summarizes the RSU activity and related information under the 2022 Plan:
Number of OutstandingWeighted average Grant Date Fair Value ($)
Unvested as of December 31, 20228,143,304 $5.69 
Granted3,492,520 0.54 
Forfeited(130,619)— 
Vested— — 
Unvested as of March 31, 202311,505,205 $4.11 
Expected to vest as of March 31, 202310,644,546 $4.15 
Stock-based compensation expense
The following table summarizes the stock-based compensation expense classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
Three months ended March 31,
20232022
Cost of revenue$377 $32 
Research and development2,760 60 
General and administrative3,294 629 
Sales and marketing324 62 
Total stock-based compensation$6,755 $783