; ForgeRock, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.22.0.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense
A summary of the Company’s stock-based compensation expense as recognized on the consolidated statements of operations is presented in thousands below:
Years ended December 31,
2021 2020 2019
Cost of revenue $ 617  $ 166  $ 102 
Research and development 1,924  1,307  455 
Sales and marketing 3,495  1,794  1,050 
General and administrative 4,630  2,917  1,885 
Total stock-based compensation expense $ 10,666  $ 6,184  $ 3,492 
Summary of RSU Activity A summary of the Company’s unvested RSUs and activity for the year ended December 31, 2021 is as follows:
Shares Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2020 351,111  $ 2.54 
Granted 1,716,193  27.49 
Vested (336,111) 2.54 
Canceled (28,469) 27.49 
Outstanding at December 31, 2021 1,702,724  27.49 
Summary of Plan Activity
A summary of the Company’s stock option activity and related information for the year ended December 31, 2021 is as follows:
Number of Awards
Outstanding
Weighted-
Average Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value (in
thousands)
Balances as of December 31, 2020 15,114,560  $ 3.15  6.7 $ 70,413 
Options granted 2,443,785  14.30 
Options exercised (2,510,947) 1.97 
Options cancelled (827,811) 6.11 
Balances as of December 31, 2021 14,219,587  5.10  6.4 306,981 
As of December 31, 2021
Vested and expected to vest 14,219,587  5.10  6.4 306,981 
Vested and exercisable 8,907,499  2.95  5.3 211,435