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

Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.22.2.2
Stock-based Compensation (Tables)
 9 Months Ended
Sep. 30, 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 September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Cost of revenue $ 657  $ 26  $ 1,789  $ 193 
Research and development 1,632  564  4,685  1,058 
Sales and marketing 2,798  1,078  7,859  2,046 
General and administrative 2,638  1,441  7,822  3,099 
Total stock-based compensation expense $ 7,725  $ 3,109  $ 22,155  $ 6,396 
Summary of Unvested RSU Activity
A summary of the Company’s unvested RSUs and activity for the nine months ended September 30, 2022 is as follows:

Shares Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021 1,702,724  $ 27.49 
Granted 2,854,131  15.17 
Vested (35,159) 26.11 
Canceled (284,173) 18.56 
Outstanding at September 30, 2022 4,237,523  19.80 
Summary of Plan Activity
A summary of the Company’s stock option activity and related information for the nine months ended September 30, 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 exercised (2,249,237) 1.76 
Options forfeited (303,806) 7.41 
Balance at September 30, 2022 11,666,544  5.69  6.3 109,159 
As of September 30, 2022:
Vested and exercisable 8,853,225  4.31  5.8 92,011