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

Share Based Compensation (Tables)

v3.23.1
Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of stock option activity
    Outstanding
share options
    Weighted-
average
exercise
price ($)
    Weighted
average
remaining
contractual
life (years)
    Aggregate
intrinsic
value ($ in
thousands)
 
Options:                        
                         
Outstanding as of December 31, 2019     3,555,804       0.652       5.024       109,779  
                                 
Granted     932,835       1.199                  
Forfeited     (494,450 )     1.042                  
Exercised     (226,155 )     0.132                  
                                 
Outstanding as of December 31, 2020     3,768,034       0.767       4.626       119,146  
                                 
Granted     1,966,916       7.250                  
Forfeited     (117,863 )     0.972                  
Exercised     (155,750 )     0.602                  
                                 
Outstanding as of December 31, 2021     5,461,337       3.102       5.363       16,713,971  
                                 
Granted     1,630,142       6.833                  
Forfeited     (468,814 )     5.557                  
Exercised     (570,451 )     0.482                  
                                 
Outstanding as of December 31, 2022     6,052,214       4.166       5.570       7,761,705  
                                 
Exercisable as of December 31, 2022     3,322,177       2.073       3.586       7,039,511  
                                 
Options available for future grants     1,423,623                          

 

Schedule of RSUs activity
    Numbers of
RSUs
 
RSUs:      
       
Outstanding as of January 1, 2021    
-
 
         
Granted     1,968,974  
Forfeited    
-
 
Vested    
-
 
         
Outstanding as of December 31, 2021     1,968,974  
         
Granted     1,619,898  
Forfeited     (417,025 )
Vested     (573,583 )
         
Outstanding as of December 31, 2022     2,598,084  

 

Schedule of compensation to employees
    Year ended
December 31
 
    2022   2021   2020  
               
Expected term, in years   4.41-6.11   4.61-6.11   4.61  
Expected volatility   47%-48%   42%-46%   42.02%-42.64%  
Risk-free interest rate   1.74%-3.96%   0.49%-1.28%   0.24%-1.42%  
Expected dividend yield   0%   0%   0%  

 

Schedule of share based compensation expense
    Year ended
December 31
 
    2022     2021     2020  
                   
Research and development   $ 5,726     $ 1,518     $ 320  
Sales and marketing     1,403       217       65  
General and administrative     1,537       419       46  
Cost of revenues     127       57       8  
                         
Total stock-based compensation expense   $ 8,793     $ 2,211     $ 439