Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
The summary of RSU activity is as follows (in thousands, except per share data):
Number of Units
Weighted-Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands)
Balances—December 31, 2022
 28,537,127 $ 5.75  $ 95,599 
Granted 1,973,570 $ 3.84   
Vested (5,839,302) $ 4.58   
Forfeited (815,705) $ 6.32   
Balances—March 31, 2023
 23,855,690 $ 5.86  $ 103,534 
Summary of stock-based compensation expense
The following sets forth the total stock-based compensation expense included in the Company’s condensed consolidated statements of operations (in thousands):
Three Months Ended March 31,
2023 2022
Research and development expenses $ 13,044  $ 14,722 
Selling, general and administrative expenses 4,214  4,707 
Total stock-based compensation expense $ 17,258  $ 19,429