Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation (Tables)

v3.25.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Option, Activity
Stock option activity under the Company’s equity incentive 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, 2023 1,894,303  $ 7.82  4.23 $ 32 
Exercised (6,762) 1.02 
Cancelled/forfeited (180,091) 12.63 
Balance – December 31, 2024 1,707,450  7.34  3.64 12 
Vested and expected to vest – December 31, 2024 1,707,450  $ 7.34  3.64 $ 12 
Options vested and exercisable – December 31, 2024 1,502,787  $ 5.77  3.31 $ 12 
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, 2024:
Number of shares Weighted–Average Grant Date Fair Value Per Share
Unvested – December 31, 2023 4,712,855  $ 4.16 
Granted 3,433,985  1.55 
Vested (2,495,751) 3.97 
Forfeited (993,434) 2.80 
Balance – December 31, 2024 4,657,655  2.62 
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, 2024
Fair value of common stock
$1.29 - $1.53
Expected term (in years)
0.50 - 2.00
Volatility
60.00% - 91.00%
Risk-free interest rate
4.31% - 5.40%
Dividend yield