Net Loss Per Share

3 Months Ended

Mar. 31, 2022

11. Net Loss Per Share

Basic net loss per share of common stock is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders:


	Three Months Ended
	March 31,
(in thousands, except share and per share amounts)	2022			2021
Numerator:
Net loss	$	(22,732	)	$	(37,645	)
Deemed dividend		—			(1,552	)
Net loss attributable to common shareholders	$	(22,732	)	$	(39,197	)
Denominator
Weighted average shares of common stock outstanding, basic and diluted		50,585,255			2,575,619
Basic and diluted net loss per share attributable to common shareholders	$	(0.45	)	$	(15.22	)

The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per share (in common stock equivalent shares) at March 31, 2022 and 2021, because to do so would be anti-dilutive. Excluded from the table at March 31, 2021 is the potential impact from the Convertible Notes and Convertible SAFE Notes, as the number of shares was unknown at that time:


	March 31,
	2022		2021
Shares issuable upon conversion of Series A and A-1 preferred stock		—		25,049,897
Shares issuable upon exercise of stock options		7,114,036		1,654,191
Unvested restricted stock units		675,679		—
Unvested restricted stock awards		95,296		102,424
Shares purchasable under the 2021 Employee Stock Purchase Plan		9,934		—
Total		7,894,945		26,806,512