Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

The following table summarizes our share-based compensation expense by the affected line on our consolidated statements of operations:


	Three Months Ended
	March 31,
$ in thousands		2023		2022
Cost of services revenue		$	80	$	563
Selling, general and administrative		(9,753)		10,875
Research and development		474		1,544
Total share-based compensation expense		$	(9,199)	$	12,982

The following table summarizes our share-based compensation expense by grant type:


	Three Months Ended
	March 31,
$ in thousands		2023		2022
Stock options		$	(12,255)	$	6,560
Restricted stock units		2,859		6,422
Employee stock purchase plan		90		—
Vendor Warrants		107		—
Total share-based compensation expense		$	(9,199)	$	12,982

The following table summarizes the Company’s stock option activity:


$ in thousands, except share and per share data	Number of Shares	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($)





Outstanding balance as of December 31, 2022	31,203,045	$	3.10	7.62	$	10,725

Exercised	(1,588,277)	0.15
Forfeited	(10,021,087)	6.68
Expired	(60,313)	2.27
Outstanding balance as of March 31, 2023	19,533,368	$	1.50	3.51	$	1,334
Exercisable as of March 31, 2023	14,949,494	$	1.82	2.34	$	1,152