Share-based compensation (Tables)

12 Months Ended

Dec. 31, 2021

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