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Stock-Based Compensation (Tables)

6 Months Ended

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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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.

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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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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.

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Tabular disclosure of the change in restricted stock units (RSUs).

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