Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.24.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement, Option, Activity
Stock option activity under the 2016 Plan is as follows (in thousands, except share and per share amounts):
Options Outstanding
Number of Options Weighted–Average Exercise Price Weighted-Average Remaining Contractual Life (years) Aggregate Intrinsic Value
Balance – December 31, 2022 2,104,007  $ 7.95  4.87 $ 61 
Exercised (37,334) 1.90 
Cancelled/forfeited (172,370) 10.73 
Balance – December 31, 2023 1,894,303  7.82  4.23 32 
Options vested and exercisable – December 31, 2023 1,681,368  $ 6.43  3.86 $ 32 
Schedule of Restricted Stock Units Activity
The following table summarizes the activity for all RSUs under all of the Company’s equity incentive plans for the year ended December 31, 2023:
Number of shares Weighted–Average Grant Date Fair Value Per Share
Unvested – December 31, 2022 3,896,597  $ 8.78 
Granted 4,073,223  2.21 
Vested (2,484,612) 7.15 
Cancelled/forfeited (772,353) 7.56 
Balance – December 31, 2023 4,712,855  4.16 
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The following assumptions were used in estimating the fair values of shares under the ESPP for the period indicated:

Year Ended December 31, 2023
Fair value of common stock
$2.37 - $6.20
Expected term (in years)
0.50 - 1.00
Volatility
66.00% - 73.00%
Risk-free interest rate
4.54% - 5.24%
Dividend yield —