Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of stock option activity under our equity plans

A summary of share-settled stock option activity under our equity plans is as follows:





Number of Options

 



Weighted Average Exercise Price

 



Weighted Average Remaining Contractual Term (Years)

 



Aggregate Intrinsic Value

 

Balance, December 31, 2021

 

 

10,589,010

 

 

$

14.85

 

 

 

7.39

 

 

$

22,473,835

 

Granted

 

 

688,240

 

 

$

3.96

 

 

 

 

 

 

 

Exercised

 

 

(50,000

)

 

$

3.28

 

 

 

 

 

$

81,300

 

Balance, March 31, 2022



 

11,227,250

 



$

14.24

 

 

 

7.32

 

 

$

11,642,645

 

Granted

 

 

221,892

 

 

$

4.07

 

 

 

 

 

 

 

Exercised

 

 

(10,000

)

 

$

3.28

 

 

 

 

 

$

18,300

 

Balance, June 30, 2022

 

 

11,439,142

 

 

$

14.05

 

 

 

7.13

 

 

$

5,637,529

 

Exercisable



 

4,473,003

 

 

$

4.84

 

 

 

4.77

 

 

$

5,114,474

 

Vested and expected to vest



 

11,439,142

 

 

$

14.05

 

 

 

7.13

 

 

$

5,637,529

 

Schedule of share based compensation activity

The following table sets forth the allocation of our stock-based compensation expense.

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in thousands)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

10

 

 

$

28

 

 

$

39

 

 

$

53

 

Selling, general and administrative

 

 

12,707

 

 

 

12,245

 

 

 

24,572

 

 

 

18,026

 

Research and development

 

 

1,830

 

 

 

1,758

 

 

 

3,634

 

 

 

2,617

 

Total stock-based compensation

 

$

14,547

 

 

$

14,031

 

 

$

28,245

 

 

$

20,696