Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

v3.22.2
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions for Options Granted

The following table summarizes the key valuation assumptions for options granted for the period presented:

 

 

 

Six Months Ended June 30,

 

 

2021

Risk free interest rates

 

0.98% – 1.11%

Expected term (in years)

 

5.53 – 6.12

Dividend yield

 

Expected volatility

 

36.91% - 37.10%

Fair value

 

$1.84 - $2.00

Summary of Stock Option Activity

The following table summarizes stock option activity under the Company’s stock-based compensation plans for the period presented:

 

 

 

Number of Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life
(in Years)

 

 

Aggregate
Intrinsic
Value (in thousands)

 

Outstanding as of December 31, 2021

 

 

563,613

 

 

$

3.71

 

 

 

7.61

 

 

$

871

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(111,573

)

 

 

4.49

 

 

 

 

 

 

 

Expired

 

 

(48,290

)

 

 

3.39

 

 

 

 

 

 

 

Outstanding as of June 30, 2022

 

 

403,750

 

 

 

3.53

 

 

 

6.03

 

 

 

40,151

 

Vested and exercisable as of June 30, 2022

 

 

297,923

 

 

$

3.04

 

 

 

5.11

 

 

$

38,885

 

Summary of Restricted Stock Unit Activity

A summary of restricted stock unit activity for the period presented is as follows:

 

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Restricted stock units outstanding at December 31, 2021

 

 

56,900

 

 

$

13.00

 

Granted

 

 

1,072,297

 

 

 

5.13

 

Canceled

 

 

(201,486

)

 

 

12.61

 

Vested and released

 

 

(68,447

)

 

 

7.24

 

Restricted stock units outstanding at June 30, 2022

 

 

859,264

 

 

 

4.62