Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
The following is a summary of the Company’s share-based compensation expense related to stock options during the reporting periods shown below:
For the three months ended For the six months ended
June 30,
(in ‘000 USD) 2021 2021
Total Stock Compensation Expense $ 315  $ 630 
The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:
For the three months ended For the six months ended
June 30,
(in ‘000 USD) 2022 2022
Total Stock Compensation Expense $ 2,501  4,551 
Schedule Of RSU Activity
The following table summarizes RSU activity during the reporting periods shown below:
Number of
Awards
outstanding
 (in Thousands)		 Weighted-
Average
grant date
fair value
(per share)		 Aggregate
Intrinsic
Value
(in Thousands)
Unvested RSUs at December 31, 2021 —  $ —  — 
Granted 5,690  6.28  35,731 
Vested —  —  — 
Forfeited and canceled (158) 6.97  (1,104)
Unvested RSUs at June 30, 2022 5,532  34,627 
Schedule of Significant Inputs used in Valuation of RSU Significant inputs used in our valuation of these RSUs included the following:
For the three months ended For the six months ended
June 30,
2022 2022
Expected volatility
57.1%-75.2%
57.1%-75.2%
Risk-free interest rate
1.37%-2.09%
1.37%-2.09%