Innoviz Technologies Ltd. Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Cover
- Cover Page
Financial Statements
Notes to Financial Statements
Accounting Policies
- SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

SHARE-BASED COMPENSATION (Tables)

v3.24.0.1

SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-based Payment Arrangement [Abstract]

Summary of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

	Year ended December 31,
	2023		2022		2021

Expected term, in years		4.59		4.61	4.40
Expected volatility		67%		66%	64%
Risk-Free interest rate		4.30%-4.55%		1.54%-4.36%	0.48%-1.01%
Expected dividend yield		0%		0%	0%

Summary of Share-Based Compensation Arrangements by Share-based Payment Award

	Number of options		Weighted-average exercise price		Weighted- average remaining contractual term (in years)		Aggregate intrinsic value

Outstanding at January 1, 2023		14,080,996	$	5.24		6.00	$	19,724

Granted		474,344	$	3.95
Exercised		631,970	$	0.72			$	1,444
Forfeited		396,135	$	5.41
Expired		197,799	$	7.38

Outstanding at December 31, 2023		13,329,436	$	5.38		5.07	$	9,584

Exercisable at December 31, 2023		10,580,281	$	5.35		4.97	$	8,954

Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]

	Number of shares		Weighted average grant date fair value per share

Unvested as of December 31, 2022		7,308,579	$	5.95
Granted		7,238,480	$	3.83
Vested		2,216,986	$	5.78
Forfeited		630,185	$	5.06
Unvested as of December 31, 2023		11,699,888	$	4.72

Summary of Management earn-out shares

	May 12, 2021

Share Price	$	9.75
Expected volatility		77.50	%
Risk-Free interest rate		0.66	%
Threshold	$	12.5
Term (years)		4

Summary of Share-Based Payment Arrangement, Expensed and Capitalized, Amount

	Year ended December 31,
	2023		2022		2021

Cost of revenues	$	1,587	$	174	$	-
Research and development		13,690		11,995		25,504
Sales and marketing		1,409		2,300		17,153
General and administrative		5,634		4,980		22,079

	$	22,320	$	19,449	$	64,736

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