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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2022
Share-based Payment Arrangement [Abstract] |
Shares Available for Future Grant | Shares available for future grant consisted of the following:
| As of
| September 30, 2022 |  |
Shares available for future grant under the 2021 Plan | 3,469,764 |  |  |
Shares available for future grant under the 2021 ESPP | 922,306 |  |  |
Summary of Stock Options Activity | The following table summarizes the stock option activities under the Company’s 2016 Plan:
| Options Outstanding
| Number of Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value ($'000s)
BALANCE—December 31, 2021 | 5,407,170 |  |  | $ | 0.96 |  |  | 7.16 |  | $ | 108,964 |
Exercised | (1,022,050) |  |  | $ | 0.60 |  |  |  |  |
Canceled | (347,399) |  |  | $ | 1.19 |  |  |  |  |
BALANCE—September 30, 2022 | 4,037,721 |  |  | $ | 1.03 |  |  | 6.49 |  | $ | 22,738 |
Options vested and exercisable—September 30, 2022 | 3,011,042 |  |  | $ | 0.90 |  |  | 6.09 |  | $ | 17,354 |
Summary of Restricted Stock Units Activity | The following table summarizes the restricted stock units activities under the Company’s 2016 and 2021 Plans:
| Restricted Stock Units
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested—December 31, 2021 | 3,925,097 |  |  | $ | 5.60 |
Granted | 2,440,603 |  |  | $ | 11.76 |
Vested | (1,008,620) |  |  | $ | 6.22 |
Forfeited | (252,733) |  |  | $ | 12.07 |
Unvested—September 30, 2022 | 5,104,347 |  |  | $ | 8.11 |
Stock-Based Compensation Related to Stock-Based Awards to Employees | The following table presents the amount of stock-based compensation related to stock-based awards to employees on the Company’s condensed consolidated statements of loss (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2022 |  | 2021 |  | 2022 |  | 2021 |  |  |  |
Cost of revenue | $ | 118 |  |  | $ | 15 |  |  | $ | 474 |  |  | $ | 42 |  |  |  |  |
Research and development | 1,798 |  |  | 225 |  |  | 4,435 |  |  | 645 |  |  |  |  |
Sales and marketing | 679 |  |  | 23 |  |  | 1,678 |  |  | 72 |  |  |  |  |
General and administrative | 794 |  |  | 170 |  |  | 2,495 |  |  | 385 |  |  |  |  |
Total stock-based compensation | $ | 3,389 |  |  | $ | 433 |  |  | $ | 9,082 |  |  | $ | 1,144 |  |  |  |  |

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