Berkshire Grey, Inc. Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock-based Compensation Expense Recognized for all Stock-based Awards

Stock-based compensation expense recognized for all stock-based awards is reported in the Company’s condensed consolidated statements of operations as follows:


	Three Months Ended March 31,
	2023		2022
	(in thousands)
Cost of sales	$	329	$	334
General and administrative		1,943		1,797
Sales and marketing		2,064		(5,428	)
Research and development		1,146		1,459
Total	$	5,482	$	(1,838	)

Summarizes Stock Option Activity

The following table summarizes stock option activity under the 2021 Plan for the three months ended March 31, 2023:


	Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)
Outstanding at December 31, 2022		22,713,562		$	1.20		6.6
Granted		—			—		—
Exercised		(1,258,100	)		0.18		—
Cancelled		(103,188	)		1.27		—
Forfeited		(20,079	)		1.23		—
Outstanding at March 31, 2023		21,332,195		$	1.26		6.7
Exercisable at March 31, 2023		15,118,508		$	1.02		6.2
Vested or expected to vest at March 31, 2023		21,332,195		$	1.26		6.7

Summary of Share-based Payment Arrangement, Restricted Stock Unit, Activity

The following table summarizes the restricted stock unit activity under the equity incentive plan:


	Unvested RSUs			Weighted-Average Grant Date Fair Value Per Share
Balance as of December 31, 2022		13,940,688		$	3.31
Granted		152,000		$	1.18
Vested		(627,037	)	$	4.29
Forfeited		(190,320	)	$	3.39
Outstanding at March 31, 2023		13,275,331		$	3.24
Vested or expected to vest at March 31, 2023		13,241,427		$	3.24