Post-effective amendment to a registration statement that is not immediately effective upon filing

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations was included in imagery and software analytical service costs, excluding depreciation and amortization and selling, general and administrative expense in the consolidated statements of operations and comprehensive loss as follows:
Years Ended December 31,
2021 2020
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization $ 4,121  $ — 
Selling, general and administrative 38,450  1,982 
Total stock-based compensation expense $ 42,571  $ 1,982 
Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions A summary of the weighted-average assumptions is presented below:
For the Year Ended December 31,
2021 2020
Fair value per common share $ 5.40 $ 0.0121
Weighted-average risk-free interest rate 1.44  % 0.81  %
Volatility 33.40  % 65.00  %
Expected term (in years) 8.0 2.5
Dividend rate % %
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the year ended December 31, 2021 is presented below:
Year Ended December 31, 2021
Options Weighted-Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value
(in thousands) (in thousands)
Outstanding - January 1, 2021 3,489  $ 0.2160 
Granted 2,760  7.9700 
Exercised (1,045) 0.1248 
Forfeited (182) 0.1466 
Outstanding - December 31, 2021 5,022  4.4914  8.74 $ 9,599 
Exercisable - December 31, 2021 1,321  0.3962  7.07 5,410 
The following summarizes information about the Company's option grants:
For The Year Ended December 31,
2021 2020
Number of options granted (in thousands) 2,760  2,226 
Weighted-average grant-date fair value $ 1.5100  $ 0.0121 
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the year ended December 31, 2021 is presented below:
Year Ended December 31, 2021
Restricted Stock Awards Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2021 891 $ 0.0121
Granted
Vested (546) 0.0121
Canceled (10) 0.0121
Nonvested - December 31, 2021 335 0.0121
Schedule of Share-based Payment Arrangements, Restricted Stock Units
The Company granted an aggregate of 11.2 million RSUs to certain employees and service providers during the year ended December 31, 2021 under the 2014 Plan as follows:
Grant Date Number of Shares
(in thousands)
First Tranche Second Tranche Third Tranche
February 2021 8,533
50% of such RSUs will vest 180 days subsequent to consummation of the Merger
50% of such units will vest ratably over eight consecutive quarters, on specified quarterly vesting dates with the first of such quarterly vesting dates occurring at least three months after the vesting of the initial 50% of the RSUs
N/A
March 2021 229
50% of such RSUs will vest 180 days subsequent to consummation of the Merger
50% of such units will vest ratably over eight consecutive quarters, on specified quarterly vesting dates with the first of such quarterly vesting dates occurring at least three months after the vesting of the initial 50% of the RSUs
N/A
March 2021 137
25% vested immediately upon issuance
50% of these RSUs vested on the date of the Merger
The remaining 25% of the RSUs will vest ratably over 12 months, on the same day of the month that the Merger closed, commencing as of the month following satisfaction of the performance condition
June 2021 164
25% of such RSUs will vest at the later of: a) 180 days subsequent to consummation of Merger or b) the one year anniversary of the vesting commencement date
75% of such units will vest ratably over twelve consecutive quarters, on specified quarterly vesting dates with the first of such quarterly vesting dates occurring at least three months after the vesting of the initial 25% of the RSUs
N/A
July 2021 285
25% of such RSUs will vest at the later of: a) 180 days subsequent to consummation of the Merger or b) the one year anniversary of the vesting commencement date
75% of such units will vest ratably over twelve consecutive quarters, on specified quarterly vesting dates with the first of such quarterly vesting dates occurring at least three months after the vesting of the initial 25% of the RSUs
N/A
December 2021 1,670
25% of such RSUs will vest at the one-year anniversary of the vesting commencement date
75% of such units will vest ratably over twelve consecutive quarters, on specified quarterly vesting dates with the first of such quarterly vesting dates occurring at least three months after the vesting of the initial 25% of the RSUs
N/A
December 2021 225 One-third (1/3rd) of the total number of RSUs will be scheduled to vest annually on the anniversary of the vesting commencement date N/A N/A
Total 11,243 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the year ended December 31, 2021 is presented below:
Year Ended December 31, 2021
Restricted Stock Units Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2021 —  $ — 
Granted 11,243  6.8004 
Vested (111) 8.0407 
Canceled (173) 8.0816 
Nonvested - December 31, 2021 10,959  6.7675