Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

SHARE-BASED COMPENSATION

v3.22.2.2
SHARE-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION
NOTE 7:-
SHARE-BASED COMPENSATION
 
  a.
Options granted:
 
A summary of option balances as of June 30, 2022, and changes during the year then ended are as follows:
 
   
Number of
options
    
Weighted-
average
exercise
price
    
Weighted-
average
remaining
contractual term
(in years)
    
Aggregate
intrinsic
value
  
                         
Outstanding as of December 31, 2021
    
16,237,346
    
$
5.55
      
6.95
    
$
43,173,240
  
                                 
Granted
    
819,904
      
3.85
              
-
  
Exercised
    
(524,938
)
    
0.59
              
1,716,500
  
Forfeited
    
(608,861
)
    
4.28
              
880,993
  
                                 
Outstanding as of June 30, 2022
    
15,923,451
    
$
5.67
      
6.41
    
$
21,233,790
  
                                 
Exercisable as of June 30, 2022
    
9,162,637
    
$
5.68
      
6.16
    
$
15,481,896
  
 
  b.
RSUs granted:
 
A summary of RSUs activity for the year ended June 30, 2022, is as follows:

 

   
Number of
shares
    
Weighted average grant date fair value per share
  
             
Unvested as of January 1, 2022
    
3,910,601
    
$
8.87
  
Granted
    
1,046,856
      
3.94
  
Vested
    
(648,611
)
    
9.88
  
Forfeited
    
(128,864
)
    
8.10
  
Expired
    
(6,667
)
    
9.04
  
Unvested as of June 30, 2022
    
4,173,315
    
$
7.50
  

 

  c.
Share-based compensation expenses:
 
The total share-based compensation expenses related to all of the Company’s equity-based awards, which include options and RSUs recognized in the Company’s consolidated statements of operations for the six and six months ended June 30, 2022, and 2021, are as follows:
 
   
Six Months Ended June 30,
  
   
2022
    
2021
  
   
(Unaudited)
  
Cost of revenues
  
$
76
    
$
-
  
Research and development
    
5,380
      
18,858
  
Selling and marketing
    
1,367
      
14,584
  
General and administrative
    
2,342
      
18,220
  
   
$
9,165
    
$
51,662
  
 
As of June 30, 2022, unrecognized compensation cost related to share options and RSUs was $43,133, which is expected to be recognized over a weighted average period of 2.68 years.