Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 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 10,363,363 $ 6.44   
Vested (7,893,293) $ 4.86   
Forfeited (1,390,467) $ 6.25   
Balances—June 30, 2023
 29,616,730 $ 6.20  $ 303,868 
Summary of Stock-Based Compensation Expense
The following sets forth the total stock-based compensation expense for the Company’s stock awards included in the Company’s condensed consolidated statements of operations (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Research and development expenses $ 20,158  $ 13,387  $ 33,202  $ 28,110 
Selling, general and administrative expenses 5,064  6,046  9,278  10,752 
Total stock-based compensation expense $ 25,222  $ 19,433  $ 42,480  $ 38,862