Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION

v3.21.2
STOCK-BASED COMPENSATION
9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
2014 Omnibus Incentive Plan
In January 2014, our board of directors approved the 2014 Omnibus Incentive Plan and amended and restated the plan in March 2014. Our stockholders approved the Amended and Restated 2014 Omnibus Incentive Plan, or the 2014 Plan, in March 2014. Our 2014 Plan initially permitted for the issuance of equity-based instruments covering up to a total of 1,400,000 shares of common stock. Our board of directors and stockholders approved an increase of 1,300,000 shares in June 2016, an increase of 3,250,000 shares in June 2017, an increase of 4,000,000 shares in June 2019, and an increase of 5,000,000 shares in June 2020, bringing the total shares allowed under the plan to 14,950,000. As of September 30, 2021 there were 3,510,309 shares available to award under the 2014 Plan.
The table below represents stock option award activity for the nine months ended September 30, 2021:
Outstanding Exercisable
January 1, 2021 1,140,975  955,302 
Granted 5,000  57,770 
Exercised (105,098) (105,098)
Cancelled or expired (82,521) (65,347)
September 30, 2021 958,356 842,627
The weighted-average exercise price as of September 30, 2021 for stock options outstanding and stock options exercisable was $4.60 and $4.82, respectively.
The table below represents restricted stock activity for the nine months ended September 30, 2021:
Number of Restricted Share Units
Outstanding at January 1, 2021 3,038,785 
Granted 2,508,442 
Vested (880,818)
Forfeited (210,415)
Outstanding at September 30, 2021 4,455,994 
    
Total stock-based compensation recorded in the condensed consolidated statements of comprehensive loss is allocated as follows (in thousands): 
Three Months Ended September 30, Nine Months Ended September 30,
  2021 2020 2021 2020
Research and development $ 1,059  $ 645  $ 3,116  $ 2,163 
Sales, marketing and administration 869  828  3,116  2,300 
   Total stock-based compensation $ 1,928  $ 1,473  $ 6,232  $ 4,463