Annual report pursuant to Section 13 and 15(d)

Restricted Stock Units (Tables)

v3.20.4
Restricted Stock Units (Tables) - Restricted Stock Units (RSUs)
12 Months Ended
Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Outstanding RSUs

The following table sets forth the activity in the number of outstanding RSUs for the year ended December 31, 2020:

 

 

 

Number of shares

 

 

Weighted-average

grant date fair value

(per share)

 

Non-vested as of December 31, 2019

 

 

3,336,095

 

 

$

8.25

 

Vested

 

 

(1,152,210

)

 

 

8.24

 

Granted

 

 

1,390,730

 

 

 

6.41

 

Cancelled

 

 

(243,578

)

 

 

8.25

 

Non-vested as of December 31, 2020

 

 

3,331,037

 

 

$

7.48

 

Summary of RSUs Compensation Expense

 

RSUs compensation expense for the years ended December 31, 2020 and 2019 was $19.1 million and $996,000, respectively, which was recorded as follows (in thousands), net of capitalized RSUs compensation expense:

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Research and development

 

$

3,984

 

 

$

299

 

Sales and marketing

 

 

3,934

 

 

 

115

 

General and administrative

 

 

11,199

 

 

 

582

 

Total

 

$

19,117

 

 

$

996