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SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Summary of Stock Options and RSUs Granted

The following table summarizes the activities for the Company’s stock options for the six months ended June 30, 2021:

Six months ended

June 30, 2021

 

Number

of options

 

 

Weighted

average

exercise

price

 

 

Weighted average

remaining contractual

term

(in years)

 

 

Aggregate

intrinsic

value

 

 

Outstanding at beginning of year

6,238,729

$

3.52

3.17

$

2,654

Granted

14,500

3.91

Exercised

(1,765,986

)

2.24

Forfeited or expired

(566,284

)

9.47

 

Outstanding at end of the period

3,920,959

3.23

3.40

$

4,128

 

Options exercisable at end of the period

2,175,627

3.78

2.42

$

1,980

 

Vested and expected to vest

3,612,421

$

3.30

3.28

$

3,730

The weighted average fair value of options granted during the six months ended June 30, 2021 and 2020 was $2.21 and $0.96, respectively.

The intrinsic value of options exercised during the six months ended June 30, 2021 and 2020 was $5,080 and $411, respectively.

15


CERAGON NETWORKS LTD. AND SUBSIDIARIES

NOTES TO INTERIM CONSOLIDATED FINANCIAL STATEMENTS


U.S. dollars in thousands (except share and per share data)

NOTE 8:SHAREHOLDERS' EQUITY (Cont.)

The following table summarizes the activities for the Company’s RSUs for the six months ended June 30, 2021:  

Number of RSUs

 

 

Aggregate

intrinsic value

 

Unvested at beginning of year

309,986

$

862

Granted

6,500

Vested

(11,260

)

 

Forfeited

(29,640

)

 

 

 

Unvested at end of period

275,586

1,039

Schedule of Equity-Based Compensation Expense

The following table sets forth the total share-based compensation expenses included in the interim consolidated statements of operations for the six months ended June 30, 2021 and 2020:

Six months ended

June 30,

2020

2021

 

Cost of revenues

60

71

Research and development

99

113

Sales and Marketing

268

154

General and administrative

440

299

 

Total share-based compensation expense

$

867

$

637