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

SHARE-BASED COMPENSATION (Tables)

v3.22.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
   
Year ended December 31,
   
2021
  
2020
  
2019
             
Expected term, in years
   4.40   6.25   6.25
Expected volatility
   64%   65%  
65% - 70%
Risk-Free interest rate
  
0.48% - 1.01%
  
0.46% - 1.74%
  
1.77% - 2.65%
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, 2021
     8,470,761    
$
 0.68       7.92    
$
 43,598  
                                 
Granted
     10,080,000    
$
 8.56                  
Exercised
     (1,918,100
)
  
$
 0.50            
$
 2,363  
Forfeited
     (395,313
)
  
$
 2.75                  
Expired
     (2
)
  
$
 1.14                  
                                 
Outstanding at December 31, 2021
     16,237,346    
$
 5.55       6.95    
$
 12,905  
                                 
Exercisable at December 31, 2021
     7,897,642    
$
 5.47       6.60    
$
 6,902  
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, 2020
     -    
$
 -  
Granted
     6,361,724    
$
 9.26  
Vested
    
(2,413,667
)
  
$
9.92
  
Forfeited
     (37,456
)
  
$
 8.5  
Unvested as of December 31, 2021
    
3,910,601
    
$
8.87
  
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,
  
   
2021
    
2020
    
2019
  
                   
Research and development
  
$
 25,504    
$
 2,649    
$
 1,695  
Sales and marketing
     17,153       338       374  
General and administrative
     22,079       209       102  
 
                        
   
$
 64,736    
$
 3,196    
$
 2,171