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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | A summary of the Company’s option activity during the three months ended March 31, 2024 was as follows (in thousands, except share and per share amounts):
|  |  |  |  |  |  | Weighted- |  |  |  |
|  |  |  | Weighted- |  |  | Average |  |  |  |
|  |  |  | Average |  |  | Remaining |  |  | Aggregate |
| Options |  |  | Exercise Price |  |  | Contractual |  |  | Intrinsic |
| Outstanding |  |  | per Share |  |  | Life (years) |  |  | Value |
Outstanding at December 31, 2023 |  | 3,849,350 |  |  | $ | 7.87 |  |  |  | 5.06 |  |  | $ | 38,505 |
Options exercised |  | (67,746 | ) |  |  | 1.44 |  |  |  |  |  |  |
Options forfeited |  | (1,333 | ) |  |  | 8.66 |  |  |  |  |  |  |
Outstanding at March 31, 2024 |  | 3,780,271 |  |  | $ | 7.98 |  |  |  | 4.85 |  |  | $ | 55,817 |
Exercisable at March 31, 2024 |  | 3,732,980 |  |  | $ | 7.97 |  |  |  | 4.83 |  |  | $ | 55,161 |
No options were granted or expired during the three months ended March 31, 2024.
Summary of RSU Activity | A summary of the Company’s RSU activity during the three months ended March 31, 2024 was as follows:
|  |  |  | Weighted- |
|  |  |  | Average |
| Number of |  |  | Grant Date |
| RSUs Outstanding |  |  | Fair Value |
Awarded and unvested at December 31, 2023 |  | 1,946,006 |  |  | $ | 12.74 |
Awards granted |  | 995,548 |  |  |  | 19.20 |
Awards vested |  | (235,619 | ) |  |  | 11.42 |
Awards forfeited |  | (25,580 | ) |  |  | 9.89 |
Awarded and unvested at March 31, 2024 |  | 2,680,355 |  |  | $ | 15.28 |
Summary of Stock Based Compensation Expense | Stock-based compensation expense included in the condensed consolidated statements of operations was as follows:
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
|  | (in thousands) |
Cost of revenue |  | $ | 51 |  |  | $ | 45 |
Research and development |  |  | 608 |  |  |  | 546 |
Sales and marketing |  |  | 1,310 |  |  |  | 716 |
General and administrative |  |  | 964 |  |  |  | 852 |
Total stock-based compensation |  | $ | 2,933 |  |  | $ | 2,159 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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