Quarterly report pursuant to Section 13 or 15(d)

Restricted Stock Units (Tables)

v3.20.2
Restricted Stock Units (Tables) - Restricted Stock Units (RSUs)
9 Months Ended
Sep. 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 nine months ended September 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

 

 

(189,104

)

 

 

8.20

 

Granted

 

 

1,061,420

 

 

 

5.93

 

Cancelled

 

 

(132,897

)

 

 

8.25

 

Non-vested as of September 30, 2020

 

 

4,075,514

 

 

$

7.65

 

Summary of RSUs Compensation Expense

 

RSUs compensation expense for the three and nine months ended September 30, 2020 was $4.9 million and $15.8 million, (zero in the three and nine months ended September 30, 2019), respectively, which was recorded as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$

1,161

 

 

$

 

 

$

3,613

 

 

$

 

Sales and marketing

 

 

1,281

 

 

 

 

 

 

3,434

 

 

 

 

General and administrative

 

 

2,480

 

 

 

 

 

 

8,709

 

 

 

 

Total

 

$

4,922

 

 

$

 

 

$

15,756

 

 

$