Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

v3.22.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
    Years ended December 31,  
Operating expense classification   2021     2020  
Selling, general, and administrative   $ 10,158     $ 147  
R&D     1,222       131  
Total share-based compensation expense   $ 11,380     $ 278  

 

Schedule of summary valuation assumptions
    Years ended December 31,  
    2021     2020  
Expected term (in years)     6.08       5.97  
Expected volatility     40.7 %     40.9 %
Risk-free interest rate     1.2 %     0.5 %
Expected dividend yield    
     
 

 

The table below summarizes the key inputs used in the valuation of the RSU Awards granted in November 2021:

 

Expected time to transaction (in years)     0.09  
Discount rate     20 %
Expected volatility     50 %
Risk-free interest rate     0.1 %
Expected dividend yield    
%

 

Schedule of stock option activity
    Number of Shares     Weighted Average Grant Date Fair Value ($)     Weighted Average Exercise Price ($)     Weighted Average Remaining Contractual Life (Years)     Aggregate Intrinsic Value ($)  
Outstanding balance as of December 31, 2019   16,161,311     0.10     0.09     8.53        
Granted   14,892,844     0.16     0.18              
Exercised     (113,247 )     0.09       0.09               11,813  
Forfeited     (188,745 )     0.09       0.09                  
Outstanding balance as of December 31, 2020     30,752,163       0.13       0.13       8.65       2,061,436  
Granted     17,582,483       2.34       5.42                  
Exercised     (5,741,547 )     0.07       0.11               15,598,547  
Forfeited     (1,736,001 )     0.24       0.21                  
Expired     (28,940 )     0.37       0.22                  
Outstanding balance as of December 31, 2021     40,828,158       1.10       2.41       8.41       535,438,090  
Exercisable as of December 31, 2021     15,551,698       0.13       0.13       7.04       239,383,717  
Vested as of December 31, 2021     14,243,064       0.06       0.11       6.85       219,457,217  

 

Schedule of RSU award activity
    Number of Shares     Weighted Average Grant Date Fair Value ($)  
Unvested RSA Awards as of December 31, 2020    
    $
 
Granted     4,440,067     $ 9.00  
Unvested RSA Awards as of December 31, 2021     4,440,067     $ 9.00