Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations was included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:
Three Months Ended March 31,
2022 2021
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization $ 801  $ — 
Engineering & systems integration costs, excluding depreciation and amortization 120  — 
Selling, general and administrative 9,319  508 
Total stock-based compensation expense $ 10,240  $ 508 
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the three months ended March 31, 2022 is presented below:
Three months ended March 31, 2022
Options Weighted-Average Exercise Price Weighted Average Contractual Term Aggregate Intrinsic Value
(in thousands) (in thousands)
Outstanding - January 1, 2022 5,022  $ 4.4914 
Granted —  — 
Exercised (404) 0.0437 
Forfeited (11) 0.0121 
Outstanding - March 31, 2022 4,607  4.8917  8.61 $ 2,975 
Exercisable - March 31, 2022 1,063  0.4854  6.79 1,515
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the three months ended March 31, 2022 is presented below:
Three months ended March 31, 2022
Restricted Stock Awards Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 335  $ 0.0121 
Vested (128) 0.0121 
Nonvested - March 31, 2022 207  0.0121 
Schedule of Share-based Payment Arrangements, Restricted Stock Units
The Company granted an aggregate of 1.0 million RSUs to certain employees and service providers during the three months ended March 31, 2022 under the 2021 Plan as follows:
Grant Date Number of Shares
(in thousands)		 First Tranche Second Tranche
March 2022 868
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.
March 2022 155
50% of total number of RSUs will be scheduled to vest annually on the anniversary of the vesting commencement date
 N/A
Total 1,023 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the three months ended March 31, 2022 is presented below:
Three months ended March 31, 2022
Restricted Stock Units Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 10,959  $ 6.7675 
Granted 1,023  1.8000 
Vested (4,816) 6.9843 
Canceled (60) 7.6612 
Nonvested - March 31, 2022 7,106  5.8975