Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Activity
The following table sets forth a summary of the RSUs activity during the reporting periods:

Number of
awards
outstanding
 (in thousands)		 Weighted-
average
grant date
fair value
(per share)
Unvested RSUs as of December 31, 2021 —  $ — 
Granted 5,789  6.24 
Vested (52) 6.88 
Forfeited and canceled (222) 6.97 
Unvested RSUs as of December 31, 2022 5,515  $ 6.06 
Granted 7,513  1.55
Vested (1,285) 5.59
Forfeited and canceled (1,466) 3.12
Unvested RSUs as of December 31, 2023 10,277  $ 3.12 
Schedule of Significant Inputs used in Valuation of RSU
Significant inputs used in the Company’s valuation of the market-based RSUs included the following:

For the Year Ended December 31,
2023 2022
Expected volatility 85  %
57.1% - 75.2%
Risk-free interest rate 4.7  %
1.4% - 2.1%
Expected term 2.63 years
5-80 years
Schedule of Share-Based Compensation Expense
The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:

For the Year Ended December 31,
(in thousands) 2023 2022
Total stock compensation expense $ 11,251  $ 10,296 
Income tax benefit $ 755  $ 1,346 
Unrecognized compensation cost $ 18,411  $ 24,272 
Weighted-average remaining service period 1.52 years 2.55 years