XML 62 R41.htm IDEA: XBRL DOCUMENT
v3.23.1

Stock Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Stock-Based Compensation Expense | The following table summarizes stock-based compensation expense recognized for the years ended December 31, 2022, 2021 and 2020, as follows:
| December 31,
| 2022 |  | 2021 |  | 2020
Research and development | $ | 4,662 |  |  | $ | 7,416 |  |  | $ | 6,110 |
Sales and marketing | 8,615 |  |  | 8,770 |  |  | 4,505 |
General and administrative | 94,925 |  |  | 44,145 |  |  | 13,142 |
Total stock-based compensation expense | $ | 108,202 |  |  | $ | 60,331 |  |  | $ | 23,757 |
Summary of Stock Option and RSU Activity | Stock option and RSU activity during the year ended December 31, 2022 is as follows (in thousands, except for share, per share, and contractual term data):
|  |  | Options Outstanding |  | Restricted Stock Units
| Number of Shares Available for Issuance Under the Plan |  | Number of Shares Outstanding Under the Plan |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value |  | Number of Plan shares outstanding |  | Weighted-Average Grant Date Fair Value per share
Balance at December 31, 2021 | 51,437,898 |  |  | 27,727,088 |  |  | $ | 7.79 |  |  | 7.04 |  | $ | 113,110 |  |  | 7,600,097 |  |  | $ | 13.17 |
Additional shares authorized | 20,437,691 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Options and restricted stock units granted | (56,239,223) |  |  | — |  |  | — |  |  |  |  |  |  | 56,239,223 |  |  | 1.04 |
Options exercised and restricted stock units released | — |  |  | (10,318,720) |  |  | 0.13 |  |  |  |  |  |  | (2,074,116) |  |  | 9.35 |
Options and restricted stock units canceled | 12,821,148 |  |  | (1,162,506) |  |  | 1.02 |  |  |  |  |  |  | (11,658,642) |  |  | 6.63 |
Balance at December 31, 2022 | 28,457,514 |  |  | 16,245,862 |  |  | $ | 13.15 |  |  | 7.27 |  | $ | 1,145 |  |  | 50,106,562 |  |  | $ | 1.23 |
Exercisable at December 31, 2021 |  |  | 13,157,036 |  |  | $ | 0.15 |  |  | 5.17 |  | $ | 95,946 |  |  |  |  |
Exercisable at December 31, 2022 |  |  | 3,930,317 |  |  | $ | 0.29 |  |  | 5.17 |  | $ | 1,132 |  |  |  |  |
Unvested at December 31, 2021 |  |  | 14,570,052 |  |  | $ | 14.69 |  |  | 8.72 |  | $ | 17,164 |  |  |  |  |
Unvested at December 31, 2022 |  |  | 12,315,545 |  |  | $ | 17.25 |  |  | 7.94 |  | $ | 14 |  |  |  |  |
Summary of Stock Option Valuation Assumptions | The assumptions used to estimate the fair value of stock options granted and the resulting fair values for the years ended December 31, 2021 and 2020 were as follows:
|  |  | 2021 (1) |  | 2020
Expected volatility |  |  | 48.71% |  | 45% – 50%
Risk-free interest rate |  |  | 0.02% |  | 0.27% – 1.44%
Expected term (in years) |  |  | 0.25 |  | 4.14-6.25
Expected dividend yield |  |  | — |  | —
Weighted average estimated fair value of stock options granted during the year |  |  | $15.63 |  | $5.06
(1) For the year ended December 31, 2021, the above assumptions were used to estimate the fair value of certain stock options previously granted to the former CFO, that were modified as part of the transition and release agreement.

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 of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, 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 (e) -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 (c)(2) -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 (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
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