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Stock-Based Compensation (Tables) | 6 Months Ended
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Jan. 27, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | Stock option activity under the 2011 Plan, 2017 Plan, and 2019 Plan was as follows:
|  | Options Outstanding
|  | Number of Options |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Balance at July 29, 2023 |  | 8,106,110 |  |  | $ | 7.06 |  |  | 8.78 |  | $ | 4,770 |
Granted |  | 2,450,951 |  |  | 4.00 |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Cancelled |  | (545,451) |  |  | 10.18 |  |  |  |  |
Balance at January 27, 2024 |  | 10,011,610 |  |  | $ | 6.14 |  |  | 8.67 |  | $ | 13 |
Schedule of Unvested Restricted Stock Units Activity | RSU award activity under the 2017 Plan and 2019 Plan was as follows:
| Unvested RSUs |  |  |  |
| Class A Common Stock |  | Weighted- Average Grant Date Fair Value |  |  |  |
Unvested at July 29, 2023 | 11,455,577 |  |  | $ | 10.47 |  |  |  |  |
Granted | 12,073,155 |  |  | 3.27 |  |  |  |  |
Vested | (4,549,301) |  |  | 7.07 |  |  |  |  |
Forfeited | (3,790,619) |  |  | 8.38 |  |  |  |  |
Unvested at January 27, 2024 | 15,188,812 |  |  | $ | 6.29 |  |  |  |  |
Schedule of Black - Scholes Option - Pricing Model Assumptions Used in Estimating Fair Value of Stock Options | The fair value of stock options granted to employees was estimated at the grant date using the Black-Scholes option-pricing model with the following assumptions:
| For the Three Months Ended |  | For the Six Months Ended
| January 27, 2024 |  | January 28, 2023 |  | January 27, 2024 |  | January 28, 2023
Expected term (in years) | 4 - 5.5 |  | 3.2 - 5.5 |  | 4 - 5.5 |  | 3.2 - 5.5
Volatility | 77.3% - 78.0% |  | 87.3 | % |  | 77.3% - 78.0% |  | 87.3 | %
Risk free interest rate | 4.8% |  | 4.2% - 4.4% |  | 4.8% |  | 4.2% - 4.4%
Dividend yield | — | % |  | — | % |  | — | % |  | — | %

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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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References No definition available. + Details
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