ForgeRock, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

Stock-based Compensation (Tables)

3 Months Ended

Mar. 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 condensed consolidated statements of operations is presented in thousands below:


	Three months ended March 31,
	2022		2021
Cost of revenue	$	517	$	74
Research and development	1,400		269
Sales and marketing	2,258		420
General and administrative	2,285		761
Total stock-based compensation	$	6,460	$	1,524

Summary of Unvested RSU Activity

A summary of the Company’s unvested RSUs and activity for the three months ended March 31, 2022 is as follows:


	Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021	1,702,724	$	27.49
Granted	1,737,772	13.25
Vested	—	—
Canceled	(31,361)	24.87
Outstanding at March 31, 2022	3,409,135	20.26

Summary of Plan Activity

A summary of the Company’s stock option activity and related information for the three months ended March 31, 2022 is as follows:


	Number of Awards Outstanding	Weighted- Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Balance at December 31, 2021	14,219,587	$	5.10	6.4	$	306,981
Options granted	—	—
Options exercised	(1,602,727)	1.36
Options forfeited	(96,923)	5.83
Balance at March 31, 2022	12,519,937	5.57		6.8	206,124
As of March 31, 2022:

Vested and exercisable	8,243,002	3.53		5.9	151,553