Quarterly report pursuant to Section 13 or 15(d)

Restricted Stock Units

v3.22.2
Restricted Stock Units
6 Months Ended
Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Restricted Stock Units

14. RESTRICTED STOCK UNITS (RSUs)

The following table sets forth the activity related to the number of outstanding RSUs for the six months ended June 30, 2022:

 

 

 

Number of

shares

 

 

Weighted-

average

grant date

fair value

(per share)

 

Non-vested as of December 31, 2021

 

 

4,374,021

 

 

$

10.33

 

Vested

 

 

(2,311,039

)

 

$

7.04

 

Granted

 

 

2,927,186

 

 

$

5.66

 

Cancelled

 

 

(191,818

)

 

$

9.97

 

Non-vested as of June 30, 2022

 

 

4,798,350

 

 

$

9.08

 

RSUs compensation expense for the three and six months ended June 30, 2022 was $8.5 million and $15.2 million, respectively, which was recorded as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Research and development

 

$

1,602

 

 

$

806

 

 

$

2,622

 

 

$

1,777

 

Sales and marketing

 

 

1,162

 

 

 

866

 

 

 

1,945

 

 

 

1,388

 

General and administrative

 

 

5,726

 

 

 

3,038

 

 

 

10,682

 

 

 

6,105

 

Total

 

$

8,490

 

 

$

4,710

 

 

$

15,249

 

 

$

9,270

 

As of June 30, 2022, there was $21.1 million of unrecognized compensation cost related to non-vested RSUs to be recognized over a weighted-average remaining period of 1.39 years.