Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.21.2
Stock-based Compensation (Tables)
9 Months Ended
Oct. 03, 2021
Share-based Payment Arrangement [Abstract]  
Summary of total stock-based compensation expense, by operating expense category The following table summarizes the total stock-based compensation expense, by operating expense category, recognized in the condensed consolidated statements of operations for the periods presented below (in thousands).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended October 3, 2021

 

 

Three Months Ended
September 30, 2020

 

 

For the 39-Week Period
Ended October 3,

 

 

Nine Months Ended September 30, 2020

 

Cost of revenue

 

$

 

 

$

21

 

 

$

274

 

 

$

51

 

Research and development

 

 

1,290

 

 

 

52

 

 

 

4,197

 

 

 

123

 

Selling, general and administrative

 

 

1,752

 

 

 

8

 

 

 

2,246

 

 

 

23

 

Total stock-based compensation expense

 

$

3,042

 

 

$

81

 

 

$

6,717

 

 

$

197

 

Summary of Stock Option Activity

The following table summarized stock option activities for the 39-week period ended October 3, 2021 (in thousands, except share and per share amount).

 

 

 

Number of
Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value
(1)

 

Balances as of January 1, 2021

 

 

1,428,980

 

 

$

0.11

 

 

 

 

 

 

 

Granted

 

 

6,737,344

 

 

 

7.69

 

 

 

 

 

 

 

Exercised

 

 

(2,121,815

)

 

 

0.08

 

 

 

 

 

$

183

 

Forfeited

 

 

(191,750

)

 

 

5.47

 

 

 

 

 

 

 

Balances as of October 3, 2021

 

 

5,852,759

 

 

$

8.67

 

 

 

9.4

 

 

$

59,419

 

Vested and exercisable at October 3, 2021

 

 

610,069

 

 

$

4.14

 

 

 

7.7

 

 

$

8,955

 

Unvested and exercisable at October 3, 2021

 

 

4,871,693

 

 

$

8.72

 

 

 

9.5

 

 

$

49,218

 

 

(1)

The intrinsic value of options exercised is based upon the value of the Company’s stock at exercise.