Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Incentive Plans (Tables)

v3.22.2
Stock-Based Incentive Plans (Tables)
 6 Months Ended
Jun. 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 1,109,754  $9.20 
Exercised (41,209) $4.27 
Cancelled (118,100) $16.41 
Outstanding, June 30, 2022 4,145,183  $14.02  6.98 $ 1,140 
Exercisable, June 30, 2022 2,145,901  $15.07  5.03 $ 1,138 
Schedule of Weighted-Average Assumptions for Options Granted
The Company used the following weighted-average assumptions for options granted during the six months June 30, 2022:
Expected term (in years) 6.05
Expected volatility 60.95   %
Risk free rate 2.22   %
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 1,874,047  $ 8.29 
Released (259,341) $ 14.21 
Forfeited (125,477) $ 16.61 
Unvested, June 30, 2022 3,219,994  $ 12.95  2.01 $ 26,372