XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Common Stock Reserved for Future Issuance The Company has the following shares of common stock reserved for future issuance, on an as-if converted basis:
June 30,
2023		December 31,
2022
Warrants to purchase common stock3,282,6523,282,652
Stock options issued and outstanding under 2018 Plan8,768,56712,853,072
Shares available for grant under 2022 Plan (1)2,710,4464,804,751
RSUs issued and outstanding under 2022 Plan20,037,50410,884,476
Shares available for grant under 2022 ESPP5,797,6094,072,000
Outstanding Private Placement Warrants7,386,6677,386,667
Total shares of common stock reserved47,983,445 43,283,618

(1) To the extent outstanding options granted under the 2018 Plan are cancelled, forfeited, or otherwise terminated without being exercised and would have been returned to the share reserve under the 2018 Plan following the closing date of the Merger, the number of shares of common stock underlying such awards will be available for future awards under the 2022 Plan.
Schedule of Stock Option Activity Stock option activity during the six months ended June 30, 2023 consisted of the following (in thousands, except for share and per share data):
Stock OptionsWeighted Average Exercise PriceWeighted- Average Life (Years)Aggregate Intrinsic Value
Balance as of December 31, 202212,853,072 $2.39 7.0$7,055 
Exercised(452,300)0.73 
Cancelled/Forfeited/Expired(3,582,205)3.72 
Balance as of June 30, 20238,818,567 $1.94 6.4$10,879 
Vested and exercisable as of June 30, 20236,772,837 $1.76 6.0$9,096 
Schedule of RSU Activity
RSU activity during the six months ended June 30, 2023 was as follows:
Total RSUsService-basedPerformance-basedMarket-basedWeighted Average Grant Date Fair Value Per Share
Unvested as of December 31, 202210,578,313 9,171,289 — 1,407,024 $10.04 
Granted11,676,439 7,531,859 1,805,550 2,339,030 1.59
Vested(1)(1,416,507)(947,497)— (469,010)19.65
Forfeited(814,970)(814,970)— — 14.29
Unvested as of June 30, 202320,023,275 14,940,681 1,805,550 3,277,044 $4.26 
    
(1) Common stock has not been issued in connection with 14,229 vested RSUs because such RSUs were unsettled as of June 30, 2023.