Schedule of Activity Related to the RSAs Associated With Compensation Arrangements |
The following is a summary of activity related to the RSUs associated with compensation arrangements during the nine months ended September 30, 2024: | | | | | | | | | | | | | RSU’s | | Weighted- Average Grant-Date Fair Value | Unvested balance as of January 1, 2024 | 3,897,957 | | | $ | 24.85 | | Granted | 2,287,155 | | | 18.67 | | Vested | (943,353) | | | 29.13 | | Forfeited | (1,341,245) | | | 22.81 | | Unvested balance as of September 30, 2024 | 3,900,514 | | | $ | 21.13 | |
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Schedule of Unvested Restricted Stock Units Expected Vesting Period |
The following is a vesting schedule of the expected vesting period related to the unvested RSUs as of September 30, 2024: | | | | | | | Unvested RSU’s | Expected to vest within 1 year | 1,541,630 | | Expected to vest between 1 to 2 years | 1,378,685 | | Expected to vest between 2 to 3 years | 980,199 | | Unvested balance as of September 30, 2024 | 3,900,514 | |
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Schedule of Compensation Expense Related to the RSAs |
Below is the compensation expense recognized related to the RSUs within the condensed consolidated statements of operations: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | Cost of direct salaries and benefits | $ | 97 | | | $ | 229 | | | $ | 377 | | | $ | 445 | | Research and development | 2,467 | | | (3,584) | | | 8,431 | | | 6,808 | | Sales and marketing | (594) | | | 435 | | | (106) | | | 466 | | General and administrative | 3,142 | | | 3,368 | | | 11,281 | | | 9,991 | | Total | $ | 5,112 | | | $ | 448 | | | $ | 19,983 | | | $ | 17,710 | |
Below is a summary of total compensation expense recorded in relation to the Company’s incentive plans within the condensed consolidated statements of operations:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2024 | | 2023 | | 2024 | | 2023 | RSAs | | $ | — | | | $ | 1 | | | $ | — | | | $ | 10 | | RSUs | | 5,112 | | | 448 | | | 19,983 | | | 17,710 | | Founder PSUs | | 1,031 | | | 3,716 | | | 7,055 | | | 16,759 | | Total | | $ | 6,143 | | | $ | 4,165 | | | $ | 27,038 | | | $ | 34,479 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | 2024 | | 2023 | | 2024 | | 2023 | Cost of direct salaries and benefits | | $ | 97 | | | $ | 229 | | | $ | 377 | | | $ | 445 | | Research and development | | 2,467 | | | (3,583) | | | 8,431 | | | $ | 6,813 | | Sales and marketing | | (594) | | | 435 | | | (106) | | | 466 | | General and administrative | | 4,173 | | | 7,084 | | | 18,336 | | | 26,755 | | Total | | $ | 6,143 | | | $ | 4,165 | | | $ | 27,038 | | | $ | 34,479 | |
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