v3.25.1
Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Stock option activity for the three months ended March 31, 2025 is as follows:

 

 

 

Options Outstanding

 

 

Weighted-Average Exercise Price

 

Balance at December 31, 2024

 

 

13,198,232

 

 

$

2.86

 

Options granted

 

 

433,650

 

 

 

2.29

 

Options forfeited

 

 

(199,862

)

 

 

7.95

 

Balance at March 31, 2025

 

 

13,432,020

 

 

$

2.77

 

Vested and exercisable, March 31, 2025

 

 

7,870,348

 

 

$

3.20

 

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity for the three months ended March 31, 2025 is as follows:

 

 

 

Number of Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Balance at December 31, 2024

 

 

4,450,441

 

 

$

4.26

 

Granted

 

 

1,089,350

 

 

 

2.33

 

Vested

 

 

(1,013,607

)

 

 

7.15

 

Forfeited

 

 

(28,401

)

 

 

2.12

 

Balance at March 31, 2025

 

 

4,497,783

 

 

$

3.15

 

Schedule of Components of Stock-based Compensation Expensed

The following table summarizes the components of stock-based compensation recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive loss (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Cost of revenue

 

$

127

 

 

$

398

 

Research and development

 

 

1,789

 

 

 

2,139

 

Selling, general and administrative

 

 

2,747

 

 

 

5,043

 

Total stock-based compensation

 

$

4,663

 

 

$

7,580