| Summary of Stock Options Activity |
The activity for the years ended December 31, 2024 and 2023 is as follows:
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Remaining |
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weighted- |
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Weighted- |
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average |
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Per share |
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average |
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contractual |
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average |
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Price per |
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exercise |
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terms |
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intrinsic |
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Options |
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share |
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price |
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(in years) |
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value |
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Outstanding as of December 31, 2022 |
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348,284 |
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$1.17-$83.30 |
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$ |
44.21 |
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0.43 |
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$ |
2.07 |
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Exercised |
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(54,432 |
) |
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1.17-8.37 |
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7.03 |
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Forfeited |
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(6,019 |
) |
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8.37-44.19 |
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32.92 |
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Expired |
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(267,833 |
) |
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8.37-83.30 |
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49.10 |
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Outstanding as of December 31, 2023 |
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20,000 |
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83.30 |
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83.30 |
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0.36 |
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— |
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Vested and exercisable as of December 31, 2023 |
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20,000 |
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83.30 |
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83.30 |
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0.36 |
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— |
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Vested and expected to vest as of December 31, 2023 |
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20,000 |
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83.30 |
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83.30 |
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0.36 |
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— |
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Outstanding as of December 31, 2023 |
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20,000 |
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83.30 |
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83.30 |
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0.36 |
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— |
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Forfeited |
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(10,000 |
) |
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83.30 |
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83.30 |
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Expired |
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(10,000 |
) |
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83.30 |
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83.30 |
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Outstanding as of December 31, 2024 |
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— |
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— |
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— |
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— |
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— |
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Vested and exercisable as of December 31, 2024 |
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— |
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— |
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— |
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— |
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— |
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Vested and expected to vest as of December 31, 2024 |
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— |
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$ |
— |
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$ |
— |
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— |
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$ |
— |
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| Summary of Restricted Stock Activity |
Stock Awards activity for the years ended December 31, 2025, 2024 and 2023 is summarized below:
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Weighted- |
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average |
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grant |
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Performance |
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date fair |
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and |
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value |
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Restricted stock units |
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Time-based |
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time-based |
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Total |
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per share |
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Unvested restricted stock units as of December 31, 2022 (1) |
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820,941 |
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183,197 |
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1,004,138 |
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$ |
32.72 |
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Granted |
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1,214,144 |
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621,990 |
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1,836,134 |
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12.29 |
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Vested |
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(214,644 |
) |
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(15,618 |
) |
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(230,262 |
) |
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35.68 |
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Forfeited/canceled |
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(674,037 |
) |
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(442,881 |
) |
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(1,116,918 |
) |
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23.62 |
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Unvested restricted stock units as of December 31, 2023 (1) |
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1,146,404 |
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346,688 |
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1,493,092 |
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$ |
14.67 |
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Unvested and expected to vest restricted stock units outstanding as of
December 31, 2023 |
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1,159,877 |
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$ |
14.79 |
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Unvested restricted stock units as of December 31, 2023 |
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1,146,404 |
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346,688 |
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1,493,092 |
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$ |
14.67 |
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Granted |
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890,300 |
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587,768 |
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1,478,068 |
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7.28 |
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Vested |
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(500,599 |
) |
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— |
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(500,599 |
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15.70 |
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Forfeited/canceled |
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(332,722 |
) |
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(333,262 |
) |
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(665,984 |
) |
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14.09 |
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Unvested restricted stock units as of December 31, 2024 (1) |
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1,203,383 |
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601,194 |
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1,804,577 |
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$ |
8.61 |
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Unvested and expected to vest restricted stock units outstanding as of
December 31, 2024 |
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1,381,787 |
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$ |
8.65 |
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Unvested restricted stock units as of December 31, 2024 |
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1,203,383 |
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601,194 |
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1,804,577 |
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$ |
8.61 |
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Granted |
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1,011,314 |
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822,308 |
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1,833,622 |
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9.11 |
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Vested |
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(550,253 |
) |
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(116,450 |
) |
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(666,703 |
) |
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9.50 |
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Forfeited/canceled |
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(170,029 |
) |
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(129,774 |
) |
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(299,803 |
) |
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9.21 |
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Unvested restricted stock units as of December 31, 2025 (1) |
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1,494,415 |
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1,177,278 |
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2,671,693 |
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$ |
8.58 |
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Unvested and expected to vest restricted stock units outstanding as of
December 31, 2025 |
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1,792,426 |
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$ |
8.53 |
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Weighted- |
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|
average |
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grant |
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Performance |
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date fair |
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and |
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value |
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Restricted stock awards |
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Time-based |
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time-based |
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Total |
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per share |
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Unvested restricted stock awards outstanding as of December 31, 2022 (1) |
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786 |
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— |
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|
786 |
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$ |
59.55 |
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Vested |
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(786 |
) |
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— |
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(786 |
) |
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59.55 |
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Unvested restricted stock awards outstanding as of December 31, 2023 (1) |
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— |
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— |
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— |
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$ |
— |
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Unvested and expected to vest restricted stock awards outstanding as of
December 31, 2023 |
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— |
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$ |
— |
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(1)Outstanding restricted stock units and restricted stock awards are based on the maximum payout of the targeted number of shares.
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| Summary of Stock-based Compensation Expense |
Stock-based compensation expense recognized for the years ended December 31, 2025, 2024 and 2023, was as follows:
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Years ended December 31, |
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Stock-based compensation expense by type of award: |
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2025 |
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2024 |
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2023 |
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Restricted stock units and restricted stock awards |
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$ |
7,643 |
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$ |
6,941 |
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$ |
7,037 |
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Employee stock purchase plan |
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371 |
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|
456 |
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|
390 |
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Total stock-based compensation expense |
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$ |
8,014 |
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$ |
7,397 |
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$ |
7,427 |
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SFor the years ended December 31, 2025, 2024 and 2023, respectively, stock-based compensation expense recognized under ASC 718, included in cost of revenue, research and development expense, sales and marketing expense, and general and administrative expense was as follows:
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Years ended December 31, |
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2025 |
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2024 |
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2023 |
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Cost of revenue |
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$ |
564 |
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$ |
579 |
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$ |
540 |
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Research and development |
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324 |
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|
474 |
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1,592 |
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Sales and marketing |
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771 |
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1,558 |
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1,598 |
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General and administrative |
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6,355 |
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4,786 |
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|
3,697 |
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Total stock-based compensation expense |
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$ |
8,014 |
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$ |
7,397 |
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|
$ |
7,427 |
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