Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Incentive Plans (Tables)

v3.22.2.2
Stock-Based Incentive Plans (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of stock option activity A summary of the stock option activity is as follows:
Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2021 3,194,738  $15.65  6.45 $ 2,236 
Granted 1,185,749  $9.13 
Exercised (153,290) $4.44 
Cancelled (229,964) $14.83 
Outstanding, September 30, 2022 3,997,233  $14.20  6.77 $ 7,772 
Exercisable, September 30, 2022 2,117,574  $15.63  4.85 $ 4,059 
Schedule of weighted-average assumptions for options granted The Company used the following weighted-average assumptions for options granted during the nine months ended September 30, 2022:
Expected term (in years) 6.02
Expected volatility 61.06   %
Risk free rate 2.26   %
Expected dividends —   %
Summary of stock unit activity
A summary of the restricted and performance stock unit activity is as follows:
Outstanding Stock Units
Stock Units Weighted-Average Fair Value at Date of Grant per Share Weighted Average Remaining Vesting Life Aggregate Intrinsic Value (in thousands)
Unvested, December 31, 2021 1,730,765  $ 18.45  1.51 $ 19,633 
Granted 1,916,963  $ 8.31 
Released (315,275) $ 14.12 
Forfeited (331,260) $ 13.42 
Unvested, September 30, 2022 3,001,193  $ 12.98  1.82 $ 35,774