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Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2021
Statements [Line Items] |
Summary of Options Granted Under The Plan | Set out below are summaries of options granted under the plans:
|  | Number of options (thousands) |  |  | Weighted Average Exercise Price |  |  | Remaining Contractual Terms in Years |  |  | Weighted Average Grant Date Fair Value |
At December 31, 2019 |  |  | 6,880 |  |  |  | 2.90 |  |  |  | 5.65 |  |  |  | 0.68 |
Granted during the year |  |  | 7,382 |  |  |  | 10.41 |  |  |  | — |  |  |  | 5.01 |
Forfeit during the year |  |  | (815 | ) |  |  | 7.79 |  |  |  | — |  |  |  | 4.11 |
Migration to RSU |  |  | (2,587 | ) |  |  | 1.48 |  |  |  | — |  |  |  | 1.48 |
Exercised during the year (i) |  |  | (1,182 | ) |  |  | 1.38 |  |  |  | — |  |  |  | 0.42 |
At December 31, 2020 |  |  | 9,678 |  |  |  | 2.90 |  |  |  | 5.65 |  |  |  | 0.68 |
Granted during the year |  |  | 1,799 |  |  |  | 10.66 |  |  |  | — |  |  |  | 5.10 |
Forfeit during the year |  |  | (156 | ) |  |  | 8.76 |  |  |  | — |  |  |  | 4.44 |
Exercised during the year (i) |  |  | (2,512 | ) |  |  | 1.44 |  |  |  | — |  |  |  | 0.44 |
At December 31, 2021 |  |  | 8,809 |  |  |  | 4.78 |  |  |  | 5.37 |  |  |  | 1.58 |
Stock options exercisable as of December 31, 2021 |  |  | 1,719 |  |  |  | 2.19 |  |  |  | 4.22 |  |  |  | 0.64 |
Summary of Restricted Stock Units Granted Under The Plan | The following table summarizes the RSU granted under the plan:
|  | Number of RSUs (thousands) |  |  | Weighted Average Grant Date Fair Value |
At December 31, 2019 |  |  | — |  |  |  | 1.37 |
RSU granted due to migration |  |  | 2,343 |  |  |  | 1.57 |
RSU granted (ordinary grants) |  |  | 276 |  |  |  | 1.27 |
Forfeit during the year |  |  | (36 | ) |  |  | 0.65 |
At December 31, 2020 |  |  | 2,583 |  |  |  | 1.37 |
RSU granted |  |  | 1,619 |  |  |  | 13.88 |
Forfeit during the year |  |  | (576 | ) |  |  | 3.34 |
Settled (i) |  |  | (625 | ) |  |  | 1.57 |
At December 31, 2021 |  |  | 3,001 |  |  |  | 7.70 |
Summary of Classification of Stock-based Compensation in Consolidated Statements | The following table illustrates the classification of stock-based compensation in the Consolidated Statements of Operations which includes both stock-based compensation of VTEX and Loja Integrada:
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Subscription cost |  |  | 696 |  |  |  | 84 |  |  |  | 30 |
Services cost |  |  | 376 |  |  |  | 78 |  |  |  | 77 |
Sales and marketing |  |  | 5,530 |  |  |  | 991 |  |  |  | 182 |
Research and development |  |  | 5,896 |  |  |  | 1,131 |  |  |  | 271 |
General and administrative |  |  | 7,087 |  |  |  | 1,011 |  |  |  | 187 |
Total |  |  | 19,585 |  |  |  | 3,295 |  |  |  | 747 |
Loja Integrada Share Based Compensation Plan [Member] |
Statements [Line Items] |
Summary of Options Granted Under The Plan | Set out below are summaries of options granted under the plan:
|  | Number of options (thousands) |  |  | Weighted Average Exercise Price |  |  | Remaining Contractual Terms in Years |  |  | Weighted Average Grant Date Fair Value |
At December 31, 2020 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted during the year |  |  | 23.57 |  |  |  | 12.37 |  |  |  | — |  |  |  | 5.47 |
Forfeit during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
At December 31, 2021 |  |  | 23.57 |  |  |  | 12.37 |  |  |  | 6.35 |  |  |  | 5.47 |
Summary of Restricted Stock Units Granted Under The Plan | The following table summarizes the RSU granted under the plan:
|  | Number of RSUs (thousands) |  |  | Weighted Average Grant Date Fair Value |
At December 31, 2020 |  |  | — |  |  |  | — |
RSU granted |  |  | 94.90 |  |  |  | 11.22 |
Forfeit during the year |  |  | — |  |  |  | — |
Settled (i) |  |  | (11.87 | ) |  |  | 11.22 |
At December 31, 2021 |  |  | 83.03 |  |  |  | 11.22 |

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