Quarterly report pursuant to Section 13 or 15(d)

Restricted Stock Units (Tables)

v3.20.2
Restricted Stock Units (Tables) - Restricted Stock Units (RSUs)
6 Months Ended
Jun. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Outstanding RSUs

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

 

 

(159,104

)

 

 

8.25

 

Granted

 

 

561,220

 

 

 

6.16

 

Cancelled

 

 

(132,897

)

 

 

8.25

 

Non-vested as of June 30, 2020

 

 

3,605,314

 

 

$

7.93

 

Summary of RSUs Compensation Expense

 

RSUs compensation expense for the three and six months ended June 30, 2020 was $4.6 million and $10.8 million, respectively, which was recorded as follows (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$

1,140

 

 

$

 

 

$

2,452

 

 

$

 

Sales and marketing

 

 

1,100

 

 

 

 

 

 

2,153

 

 

 

 

General and administrative

 

 

2,390

 

 

 

 

 

 

6,229

 

 

 

 

Total

 

$

4,630

 

 

$

 

 

$

10,834

 

 

$