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Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
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 January 1, 2020 |  |  | 6,880 |  |  |  | 0.71 |  |  |  | 5.03 |  |  |  | 0.50 |
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 |  |  | (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 |
Granted during the year |  |  | 3,910 |  |  |  | 4.39 |  |  |  | — |  |  |  | 1.98 |
Forfeit during the year |  |  | (2,508 | ) |  |  | 7.22 |  |  |  | — |  |  |  | 3.19 |
Exercised during the year (i) |  |  | (497 | ) |  |  | 1.14 |  |  |  | — |  |  |  | 0.46 |
At December 31, 2022 |  |  | 9,714 |  |  |  | 4.18 |  |  |  | 4.37 |  |  |  | 1.41 |
Stock options exercisable as of December 31, 2022 |  |  | 3,270 |  |  |  | 3.82 |  |  |  | 3.95 |  |  |  | 1.07 |
(i) | The number of stock options withheld for tax purposes was 79 thousand shares (25 thousand shares in 2021).
Summary of Restricted Stock Units Granted Under The Plan | The following table sum m arizes the RSU granted under the plan:
|  | Number of RSUs (thousands) |  |  | Weighted average grant date fair value |
At January 1, 2020 |  | — |  |  | — |
RSU granted due to migration |  |  | 2,343 |  |  |  | 1.57 |
RSU granted (ordinary grants) |  |  | 276 |  |  |  | 1.27 |
Forfeit during the y ear |  |  | (36 | ) |  |  | 0.65 |
At December 31, 2 020 |  |  | 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 |
RSU granted |  |  | 2,354 |  |  |  | 5.94 |
Forfeit during the year |  |  | (940 | ) |  |  | 7.91 |
Settled (i) |  |  | (906 | ) |  |  | 5.86 |
At December 31, 2022 |  |  | 3,509 |  |  |  | 6.94 |
(i) | The number of RSUs withheld for tax purposes was 234.1 thousand shares (125 thousand shares in 2021).
Summary of Classification of Stock-based Compensation in Consolidated Statements | The following table illustrates the classification of share-based compensation in the Consolidated Statements of profit and loss which includes both share-based compensation of VTEX and Loja Integrada, which includes social charges and taxes:
|  | December 31, 2022 |  |  | December 31, 2021 |  |  | December 31, 2020 |
Subscription cost |  |  | (502 | ) |  |  | (696 | ) |  |  | (84 | )
Services cost |  |  | (156 | ) |  |  | (376 | ) |  |  | (78 | )
General and administrative |  |  | (4,366 | ) |  |  | (7,087 | ) |  |  | (1,011 | )
Sales and marketing |  |  | (2,885 | ) |  |  | (5,530 | ) |  |  | (991 | )
Research and development |  |  | (4,844 | ) |  |  | (5,896 | ) |  |  | (1,131 | )
Total |  |  | (12,753 | ) |  |  | (19,585 | ) |  |  | (3,295 | )
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 |
Granted during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeit during the year |  |  | (15.15 | ) |  |  | 12.78 |  |  |  | — |  |  |  | 5.82 |
Exercised during the year |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
At December 31, 2022 |  |  | 8.42 |  |  |  | 13.48 |  |  |  | 5.35 |  |  |  | 5.66 |
Stock options exercisable as of December 31, 2022 |  |  | 6.31 |  |  |  | 13.48 |  |  |  | 5.35 |  |  |  | 5.49 |
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 |
Settled (i) |  |  | (11.87 | ) |  |  | 11.22 |
At December 31, 2021 |  |  | 83.03 |  |  |  | 11.22 |
RSU granted |  |  | 327.27 |  |  |  | 6.54 |
Forfeit during the year |  |  | (76.24 | ) |  |  | 10.70 |
Settled (i) |  |  | (48.78 | ) |  |  | 9.69 |
At December 31, 2022 |  |  | 285.28 |  |  |  | 6.42 |
(i) | The number of RSUs withheld for tax purposes was 8.3 thousand shares.

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