Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.23.1
Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Equity Based Compensation Expense Stock-based compensation expense, consisting of service-based expense related to the equity incentive plan, including expense from stock options and restricted stock units, and the employee stock purchase plan, as well as expenses related to secondary sales of shares of Company common stock,
was classified as follows in the accompanying condensed consolidated statements of operations for each of the periods presented (in thousands):
Three Months Ended March 31,
2023 2022
Cost of revenue $ 213  $ 148 
Sales and marketing 964  697 
Research and development 930  552 
General and administrative 2,406  2,028 
Total $ 4,513  $ 3,425 
Schedule of Stock Option Activity
Stock option activity was as follows:
Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value
(in thousands)
Outstanding as of December 31, 2022 4,185,876  $ 6.32  5.03 $ 3,470 
Exercisable as of December 31, 2022 3,060,997  $ 6.47  3.87 $ 3,286 
Granted —  $ — 
Exercised (41,175) $ 1.76 
Forfeited and expired (230,775) $ 6.16 
Outstanding as of March 31, 2023 3,913,926  $ 6.38  4.38 $ 3,928 
Exercisable as of March 31, 2023 3,101,573  $ 6.43  3.42 $ 3,744 
Schedule of Restricted Stock Unit Activity
Restricted Stock Unit activity was as follows:
Number of Shares Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022 8,278,361  $ 5.51 
Granted 57,137  $ 5.38 
Vested (586,640) $ 6.43 
Canceled (291,799) $ 5.77 
Outstanding as of March 31, 2023 7,457,059  $ 5.42