Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plans (Tables)

v3.22.4
Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Granted
RSUs granted under the Plan and the 2017 Plan were as follows:
Twelve Months Ended
December 31,
2022 2021 2020
RSUs granted (in millions) 113  45  — 
Weighted average grant date fair value $ 3.62  $ 4.56  $ — 
Schedule of Restricted Stock Unit Activity
RSU activity under the Plan and the 2017 Plan was as follows (in millions, except per share amounts):
Number of
shares
Weighted-
average grant
date fair value
Unvested at December 31, 2021
34  $ 4.72 
Granted
113  3.62 
Vested (27) 4.31 
Forfeited
(17) 4.23 
Unvested at December 31, 2022
103  $ 3.70 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
Stock options granted under the Plan and the 2017 Plan were as follows:
Twelve Months Ended
December 31,
2022 2021 2020
Stock options granted (in millions) 19  14 
Weighted average grant date fair value $ 1.35  $ 1.90  $ 1.13 
Weighted average grant date fair value assumptions:
Expected term
5.6 years 5.9 years 5.9 years
Risk-free interest rates
3.6  % 0.6  % 0.9  %
Expected volatility 55.0  % 55.0  % 55.0  %
Schedule of Share-Based Payment Arrangement, Option, Activity
Stock option activity under the Plan and the 2017 Plan was as follows (in millions, except per share amounts):
Number of
shares
Weighted
average
exercise price
Weighted average remaining contractual term (in years) Aggregate intrinsic value
Outstanding at December 31, 2021
80  $ 1.44 
Granted 2.46 
Exercised
(21) 0.62 
Forfeited
(4) 2.60 
Expired
(1) 3.42 
Outstanding at December 31, 2022
63  $ 1.76  6.9 $ 15 
Exercisable at December 31, 2022
43  $ 1.38  6.3 $ 15 
Schedule of Stock-Based Compensation Expense
Total stock-based compensation expense by function was as follows (in millions):
Twelve Months Ended
December 31,
2022 2021 2020
Research and development
$ 137  $ 207  $ 14 
Selling, general, and administrative
19  13 
Total
$ 156  $ 220  $ 17