Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 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 periods presented were as follows:
Three Months Ended March 31,
2022 2021
Strike price $ 0.17  $ 0.17 
Expected term (in years)
5.55 - 6.05
5.55 - 6.05
Expected volatility
57.09% - 57.81%
57.09% - 57.81%
Risk-free interest rate
0.50% - 0.57%
0.50% - 0.57%
Dividend yield —  — 
Summary of stock option plan and the activity The following table summarizes the Company’s stock option plan and the activity during the period presented:
  Shares
Underlying
Options		 Weighted
Average Exercise
Price		 Weighted
Average
Remaining
Contractual
Term (in years)
Outstanding as of January 1, 2022 4,806,387  0.63  6.57
Granted —  —  — 
Forfeited (20,814) 0.49  — 
Exercised (217,967) 0.49  — 
Outstanding at March 31, 2022 4,567,606  $ 0.63  6.35
Exercisable at March 31, 2022
 4,339,216  $ 0.64  6.28
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
Outstanding as of January 1, 2022 660,448  $3.80
Granted 2,608,455  2.86
Forfeited (798) 1.06
Exercised —  —
Outstanding at March 31, 2022 3,268,105  2.96
Exercisable at March 31, 2022
 1,125  2.86