Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of assumptions used to determine the fair value of the stock options The assumptions used to estimate the fair value of stock options granted during the year ended December 31, 2021 were as follows:
Assumptions
Strike price $ 0.17 
Expected term (in years)
5.55 - 6.05
Expected volatility
57.09% - 57.81%
Risk-free interest rate
0.50% - 0.57%
Dividend yield —  %
Summary of stock option plan and the activity
The following table summarizes the Company’s stock option activity for the period presented:
Shares Underlying Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value
Outstanding at January 1, 2022 4,806,387 $ 0.63 6.57
Granted
Forfeited (139,230) 0.60
Exercised (687,624) 0.50
Outstanding at December 31, 2022
3,979,533 $ 0.65 5.67 $ 376 
Exercisable at December 31, 2022
3,885,059 $ 0.65 5.63 $ 365 
Summary of restricted stock unit activity
The following table summarizes the Company’s restricted stock unit activity during the period presented:
Restricted Stock Units
Weighted Average Grant Fair Value per Share
Aggregate Intrinsic Value
Outstanding at January 1, 2022 660,448  $ 3.80 
Granted 7,369,406  1.43 
Forfeited (934,196) 1.71 
Settled (131,542) 2.34 
Outstanding at December 31, 2022
6,964,116  $ 1.51  $ 4,335