Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plans (Tables)

v3.22.2.2
Equity Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of option activities under the 2005 Stock Plan, as amended in January 2010 and November 2012 (the "2005 Plan") and 2017 Equity Incentive Plan (the “2017 Plan") during the nine months ended September 30, 2022 is as follows:

 

 

 

Number
of Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

Outstanding as of December 31, 2021

 

 

783,928

 

 

$

28.00

 

Granted

 

 

530,122

 

 

$

27.01

 

Exercised

 

 

(22,689

)

 

$

10.16

 

Canceled

 

 

(33,190

)

 

$

34.02

 

Outstanding as of September 30, 2022

 

 

1,258,171

 

 

$

27.73

 

Schedule of Outstanding Restricted Stock Units Awards Activity

A summary of restricted stock unit ("RSU") activities under the 2017 Plan during the nine months ended September 30, 2022 is as follows:

 

 

 

Number of Restricted Stock Units

 

 

Weighted
Average
Grant Date Fair Value per RSU

 

Unvested awards outstanding as of December 31, 2021

 

 

128,810

 

 

$

35.09

 

Granted

 

 

198,192

 

 

$

26.58

 

Vested

 

 

(87,460

)

 

$

31.83

 

Canceled

 

 

(2,830

)

 

$

26.50

 

Unvested awards outstanding as of September 30, 2022

 

 

236,712

 

 

$

29.27

 

 

Schedule of Stock-Based Compensation Expense Recorded in Condensed Consolidated Statements of Operations

Total stock-based compensation expense associated with the 2005 Plan, 2017 Plan and 2017 ESPP is recorded in the condensed consolidated statements of operations and was allocated as follows (in thousands):

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenues

 

$

499

 

 

$

372

 

 

$

1,482

 

 

$

1,179

 

Sales and marketing

 

 

427

 

 

 

399

 

 

 

1,336

 

 

 

1,182

 

Research and development

 

 

305

 

 

 

181

 

 

 

823

 

 

 

543

 

General and administrative

 

 

926

 

 

 

501

 

 

 

2,504

 

 

 

1,418

 

Total

 

$

2,157

 

 

$

1,453

 

 

$

6,145

 

 

$

4,322