Rodgers Silicon Valley Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Cover
- Audit Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Stock-based Compensation - Summary of Stock Option Activity (Details)

v3.22.4

Stock-based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Jan. 01, 2023 USD ($) $ / shares shares
Number of Options Outstanding
Beginning balance (in shares) \| shares	5,753,005
Granted (in shares) \| shares	56,190
Exercised (in shares) \| shares	(381,497)
Forfeited (in shares) \| shares	(393,416)
Ending balance (in shares) \| shares	5,034,282
Vested and expected to vest (in shares) \| shares	7,959,820
Vested and exercisable (in shares) \| shares	1,616,203
Unvested and exercisable (in shares) \| shares	3,197,163
Weighted Average Exercise Price
Beginning balance (in dollars per share)	$ 8.88
Granted (in dollars per share)	14.56
Exercised (in dollars per share)	6.24
Forfeited (in dollars per share)	9.79
Ending balance (in dollars per share)	9.07
Vested and expected to vest (in dollars per share)	5.76
Vested and exercisable (in dollars per share)	8.32
Unvested and exercisable (in dollars per share)	$ 8.92
Weighted Average Remaining Contractual Life (Years)
Outstanding balance	8 years 2 months 12 days
Vested and expected to vest	8 years 1 month 6 days
Vested and exercisable	8 years
Unvested and exercisable	8 years 3 months 18 days
Aggregate Intrinsic Value
Exercised \| $	$ 4,258
Outstanding, balance \| $	18,486
Vested and expected to vest \| $	54,695
Vested and exercisable \| $	7,206
Unvested and exercisable \| $	$ 11,249
Share price (in dollars per share)	$ 12.44

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The number of shares into which fully or partially vested stock options outstanding as of the balance sheet date can be currently converted under the option plan.

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Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest exercisable or convertible options. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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