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Stock Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2022
Stock-Based Compensation |
Schedule of fair value weighted-average assumptions | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, |
​ |  | 2022 |  | 2021 |
Risk-free interest rate |  | 1.6 | % | 0.5 | %
Expected term (in years) |  | 6.1 | ​ | 4.6 | ​
Expected volatility |  | 75.0 | % | 23.9 | %
Expected dividend yield |  | 0.0 | % | 0.0 | %
Summary of stock option activity | The following tables summarize the Company’s stock option activity since December 31, 2021 (in thousands, except for share and per share data):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Weighted |  | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | Average | ​ | ​ | ​
​ | ​ | Number of | ​ | Average | ​ | Remaining | ​ | Aggregate
​ | ​ | Shares | ​ | Exercise Price | ​ | Contractual Term | ​ | Intrinsic Value
​ | ​ | ​ | ​ | ​ | ​ | ​ | (in years) | ​ | ​ | ​
Outstanding as of December 31, 2021 | ​ | 20,769,130 | ​ | $ | 0.39 | ​ | ​ | ​ | ​ | ​
Granted |  | 2,262,925 | ​ | ​ | 2.32 |  | ​ |  | ​ | ​
Exercised |  | (499,767) | ​ | ​ | 0.42 | ​ | ​ |  | ​ | ​
Forfeited | ​ | (567,979) | ​ | ​ | 0.42 |  | ​ |  | ​ | ​
Outstanding as of March 31, 2022 |  | 21,964,309 | ​ | ​ | 0.59 | ​ | 7.70 | ​ | $ | 45,207
​ |  |  | ​ |  |  |  |  | ​ |  |
Vested and expected to vest as of March 31, 2022 |  | 21,964,309 | ​ | $ | 0.59 |  | 7.70 | ​ | $ | 45,207
Options exercisable as of March 31, 2022 |  | 12,025,749 | ​ | $ | 0.38 |  | 6.77 | ​ | $ | 27,356
Summary of restricted stock units activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Grant Date Fair
​ | ​ | Shares | ​ | Value
​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31, 2021 | ​ | 1,951,924 | ​ | $ | 6.76
Granted |  | 4,425,142 |  | ​ | 3.50
Vested |  | (80,044) |  | ​ | 7.95
Canceled |  | (46,020) |  | ​ | 5.92
Outstanding as of March 31, 2022 |  | 6,251,002 | ​ | $ | 4.44
Summary of performance stock units activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Grant Date Fair
​ | ​ | Shares | ​ | Value
​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31, 2021 | ​ | — | ​ | $ | —
Granted |  | 934,000 |  | ​ | 2.65
Vested |  | — |  | ​ | —
Canceled |  | — |  | ​ | —
Outstanding as of March 31, 2022 |  | 934,000 | ​ | $ | 2.65
Schedule of fair value measurements of common stock warrants granted | ​
​ | ​ | ​ | ​
Warrants - Black Scholes |  | ​ | ​
Risk-free interest rate |  | 0.4 | %
Expected term (in years) |  | 3.00 | ​
Expected volatility |  | 23.9 | %
Expected dividend yield |  | 0.0 | %
Schedule of allocation of share based compensation expense | Stock-based compensation expense was classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2022 |  | 2021
Cost of revenue | ​ | $ | 60 | ​ | $ | 5
Sales and marketing | ​ |  | 2,770 | ​ |  | 933
General and administrative | ​ |  | 1,787 | ​ |  | 94
Research and development | ​ |  | 573 | ​ |  | 50
Total stock-based compensation expense | ​ | $ | 5,190 | ​ | $ | 1,082
Schedule of stock-based compensation expense | Stock-based compensation expense was classified by award type in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three Months Ended March 31,
​ | ​ | 2022 |  | 2021
Stock options | ​ | $ | 242 | ​ | $ | 203
Earn-out shares | ​ | ​ | 2,699 | ​ | ​ | —
Warrants | ​ | ​ | 436 | ​ | ​ | 807
Restricted stock units | ​ | ​ | 1,813 | ​ | ​ | 72
Total stock-based compensation expense | ​ | $ | 5,190 | ​ | $ | 1,082

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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