v3.22.2.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Expensed and Capitalized, Amount Stock-based compensation expense consisted of the following:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Cost of goods sold$236 $780 $693 $780 
Selling, general, and administrative expenses24,065 63,552 77,516 75,222 
Total stock-based compensation expense$24,301 $64,332 $78,209 $76,002 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The following assumptions were used for options granted during the three and nine months ended September 30, 2021:
Three Months Ended September 30, 2021Nine Months Ended September 30, 2021
Risk-free interest rates
0.1 %
0.1% - 0.6%
Expected dividend yield
— — 
Expected term
0.25 years
0.25 - 6.25 years
Volatility
60 %60 %
Share-based Payment Arrangement, Option, Activity A summary of stock option activity for the nine months ended September 30, 2022 is as follows:
Number of
Stock
Options		Weighted
Average
Exercise
Price		Weighted
average
contractual
term		Aggregate
intrinsic
value
Balance at December 31, 20213,623,377 $8.03 5.7$136,824 
Options granted— — 
Options exercised(463,946)11.44 6,527 
Options forfeited(1,500)4.46 
Balance at September 30, 20223,157,931 $7.53 4.8$21,481 
Exercisable as of September 30, 20223,157,931 $7.53 4.8$21,481 
Vested as of September 30, 20222,350,151 4.32 3.8
Unvested as of September 30, 2022807,780 $15.40 7.9
Share-based Payment Arrangement, Restricted Stock Unit, Activity A summary of RSU activity for the nine months ended September 30, 2022 is as follows:
Number of Restricted Stock UnitsWeighted Average Grant Date Fair Value
Unvested as of December 31, 20213,527,167 $33.38 
Granted545,87717.32 
Forfeited(204,560)34.91 
Released(474,747)23.48 
Vested and not yet released(358,347)35.03 
Unvested as of September 30, 20223,035,390 $31.74 
Schedule of Nonvested Performance-based Units Activity The PSUs are divided into eight substantially equal tranches, each one vesting on the date the 90-day trailing volume-weighted average trading price of the Company’s Class A common stock exceeds the stock price hurdle, as set forth in the table below, provided that no PSUs may vest prior to the six month anniversary of the Direct Listing.
TrancheNumber of PSUsStock Price Hurdle
1549,712 $47.75 
2549,710 $55.71 
3549,712 $63.67 
4549,710 $71.63 
5549,712 $79.59 
6549,710 $87.55 
7549,712 $95.50 
8549,710 $103.46