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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summarizes the Aggregate Number of Stock Options And Restricted Stock Unit

The following table summarizes the aggregate number of stock options and restricted stock units, or RSUs, outstanding under the 2020 Plan as of December 31, 2023:

 

 

December 31, 2023

 

Outstanding stock options

 

27,956,138

 

% of outstanding shares on a fully diluted basis

 

6

%

Outstanding RSUs

 

11,983,101

 

% of outstanding shares on a fully diluted basis

 

3

%

 

Summary of Equity Awards Activity

The following table represents equity awards activity during the years ended December 31, 2023 and 2022:

 

 

For the Year Ended December 31,

 

 

2023

 

 

2022

 

Common shares issued for stock option exercises

 

1,239,763

 

 

 

33,303

 

Gross and net proceeds from stock option exercises

$

1,882,001

 

 

$

59,686

 

Common shares issued in settlement of vested RSUs

 

3,890,395

 

 

 

1,940,371

 

Shares retained for settlement of employee tax obligations  RSUs

 

1,187,251

 

 

 

500,064

 

Common shares issued in settlement of vested Performance-Based RSUs (1)

 

358,440

 

 

 

 

Shares retained for settlement of employee tax obligations ─ Performance-Based RSUs

 

143,120

 

 

 

 

 

(1)
Performance-based RSUs vested in connection with the achievement of certain performance conditions. These performance-based RSUs will primarily vest over a three-year period based on continuous service from the grant date.