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, 20218,766,466 $6.01 7.1123,562 
Options granted1,255,490 9.27 
Options exercised(1,512,719)2.32 
Options forfeited(265,600)15.45 
Options expired
Balances as of December 31, 20228,243,637 $6.88 6.6$35,566 
Options vested and exercisable — December 31, 20225,694,795 $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,
202220212020
Expected volatility68.28 %74.00 %71.41 %
Risk-free interest rate1.73 %1.06 %0.49 %
Expected term (years)6.256.235.82
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, 20211,799,677$36.01 
RSUs granted5,708,5869.19 
RSUs vested(206,910)26.78 
RSUs forfeited(581,863)14.91 
Balances as of December 31, 20226,719,490$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,
202220212020
Sales and marketing$4,251 $1,723 $396 
Research and development4,634 2,367 1,211 
General and administrative19,776 9,456 2,935 
Total stock-based compensation expense$28,661 $13,546 $4,542