| SHARE-BASED COMPENSATION |
| NOTE 7:- |
SHARE-BASED COMPENSATION
|
A summary of option balances as of June 30, 2023 (unaudited), and changes during the six months 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, 2022
|
|
|
14,080,996
|
|
|
$
|
5.24
|
|
|
|
6.00
|
|
|
$
|
19,724
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted
|
|
|
11,784
|
|
|
$ |
4.75
|
|
|
|
|
|
|
|
-
|
|
|
Exercised
|
|
|
(289,851
|
)
|
|
$ |
0.80
|
|
|
|
|
|
|
$ |
786
|
|
|
Forfeited
|
|
|
(191,460
|
)
|
|
$ |
5.36
|
|
|
|
|
|
|
$ |
114
|
|
|
Expired
|
|
|
(67,235
|
)
|
|
$ |
7.66
|
|
|
|
|
|
|
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding as of June 30, 2023
|
|
|
13,544,234
|
|
|
$
|
5.33
|
|
|
|
5.45
|
|
|
$
|
12,079
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable as of June 30, 2023
|
|
|
9,954,056
|
|
|
$
|
5.20
|
|
|
|
5.33
|
|
|
$
|
10,692
|
|
A summary of RSUs activity for the six months ended June 30, 2023 (unaudited), is as follows:
| |
|
Number of
shares
|
|
|
Weighted
average grant date fair value
per share
|
|
| |
|
|
|
|
|
|
|
Unvested as of December 31, 2022
|
|
|
7,308,579
|
|
|
$
|
5.95
|
|
|
Granted
|
|
|
960,622
|
|
|
$
|
4.06
|
|
|
Vested
|
|
|
(661,280
|
)
|
|
$
|
5.99
|
|
|
Forfeited
|
|
|
(285,596
|
)
|
|
$
|
5.43
|
|
|
Unvested as of June 30, 2023
|
|
|
7,322,325
|
|
|
$
|
5.72
|
|
| |
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 months ended June 30, 2023, and 2022, are as follows:
| |
|
Six Months Ended June 30,
|
|
| |
|
2023
|
|
|
2022
|
|
| |
|
(Unaudited)
|
|
|
Cost of revenues
|
|
$
|
181
|
|
|
$
|
76
|
|
|
Research and development
|
|
|
6,926
|
|
|
|
5,380
|
|
|
Sales and marketing
|
|
|
682
|
|
|
|
1,367
|
|
|
General and administrative
|
|
|
2,654
|
|
|
|
2,342
|
|
| |
|
$
|
10,443
|
|
|
$
|
9,165
|
|
As of June 30, 2023, unrecognized compensation cost related to share options and RSUs was $42,363, which is expected to be recognized over a weighted average period of 2.55 years.
|