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

Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation (Tables)

v3.22.4
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
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,
2022 2021 2020
Cost of revenue $ 2,852  $ 617  $ 166 
Research and development 6,738  1,924  1,307 
Sales and marketing 12,044  3,495  1,794 
General and administrative 11,126  4,630  2,917 
Total stock-based compensation expense $ 32,760  $ 10,666  $ 6,184 
Summary of RSU Activity
A summary of the Company’s unvested RSUs and activity for the year ended December 31, 2022 is as follows:
Shares Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021 1,702,724  $ 27.49 
Granted 5,269,990  18.28 
Vested (415,876) 27.26 
Canceled (456,495) 19.43 
Outstanding at December 31, 2022 6,100,343  20.16 
Summary of Plan Activity
A summary of the Company’s stock option activity and related information for the year ended December 31, 2022 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, 2021 14,219,587  $ 5.10  6.4 $ 306,981 
Options granted — 
Options exercised (3,445,917) 2.60 
Options canceled (450,313) 8.92 
Balances as of December 31, 2022 10,323,357  5.81  6.2 173,953 
As of December 31, 2022
Vested and exercisable 7,939,709  4.53  5.8 145,168