XML 60 R46.htm IDEA: XBRL DOCUMENT
v3.22.4

STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Activity Under the Plan | The following table summarizes the stock option activity for the year ended December 31, 2022:
| Number of Options Outstanding |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Life (years) |  | Aggregate Intrinsic Value (in thousands)
Balances as of December 31, 2021 | 8,766,466 |  |  | $ | 6.01 |  |  | 7.1 |  | 123,562 |
Options granted | 1,255,490 |  |  | 9.27 |  |  |  |  |
Options exercised | (1,512,719) |  |  | 2.32 |  |  |  |  |
Options forfeited | (265,600) |  |  | 15.45 |  |  |  |  |
Options expired | — |  | — |  |  |  |
Balances as of December 31, 2022 | 8,243,637 |  |  | $ | 6.88 |  |  | 6.6 |  | $ | 35,566 |
Options vested and exercisable — December 31, 2022 | 5,694,795 |  |  | $ | 3.93 |  |  | 5.7 |  | $ | 33,203 |
Schedule of Assumptions in Estimating Option Fair Value | The Company uses the Black-Scholes model for estimating the fair value of options granted. The weighted-average assumptions used in the Black-Scholes are as follows:
| December 31,
| 2022 |  | 2021 |  | 2020
Expected volatility | 68.28 | % |  | 74.00 | % |  | 71.41 | %
Risk-free interest rate | 1.73 | % |  | 1.06 | % |  | 0.49 | %
Expected term (years) | 6.25 |  | 6.23 |  | 5.82
Dividend yield | — |  | — |  | —
Schedule of Restricted Stock Activity | The following table summarizes the RSU activity for the period ended December 31, 2022:
| Number of RSUs Outstanding |  | Weighted- Average Grant Date Fair Value Per Share
Balances as of December 31, 2021 | 1,799,677 |  | $ | 36.01 |
RSUs granted | 5,708,586 |  | 9.19 |
RSUs vested | (206,910) |  | 26.78 |
RSUs forfeited | (581,863) |  | 14.91 |
Balances as of December 31, 2022 | 6,719,490 |  | $ | 15.34 |
Schedule of Stock-based Compensation Expense | The following table summarizes stock-based compensation expense recorded in each component of operating expenses in the Company’s consolidated statements of operations and comprehensive loss (in thousands):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Sales and marketing | $ | 4,251 |  |  | $ | 1,723 |  |  | $ | 396 |
Research and development | 4,634 |  |  | 2,367 |  |  | 1,211 |
General and administrative | 19,776 |  |  | 9,456 |  |  | 2,935 |
Total stock-based compensation expense | $ | 28,661 |  |  | $ | 13,546 |  |  | $ | 4,542 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in restricted stock units (RSUs). + References No definition available. + Details
Name: | us-gaap_ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration