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

Stockholders' Equity (Deficit) (Tables)

9 Months Ended

Sep. 30, 2017

The stock-based compensation expense by type of award and by operating expense grouping are presented below as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Stock-based compensation expense by type of award:
Restricted stock	$	178	$	26	$	629	$	78
Common stock awards		125		—		250		1,442
Employee stock purchase plan		24		—		24		—
Stock options		11,381		44		12,708		68

Total	$	11,708	$	70	$	13,611	$	1,588

Stock-based compensation expense by operating expense grouping:
Sales and marketing	$	100	$	3	$	276	$	51
Research and development		157		5		261		17
General and administrative		11,451		62		13,074		1,520

Total	$	11,708	$	70	$	13,611	$	1,588

Restricted stock activity for the period presented was as follows:


	Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2016		208,886		$	4.80
Granted		52,433		$	14.79
Forfeited		(22,018	)	$	8.43
Vested		(78,399	)	$	7.82

Unvested at September 30, 2017		160,902		$	6.08

The Black-Scholes option-pricing model requires various assumptions, which are noted in the following table:

The Company’s stock option activity for the period presented was as follows:


				Weighted-Average
	Options			Exercise Price		Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2016		680,434		$	2.27		8.49 years	$	3,031
Options Granted		4,000,508		$	14.66
Options Exercised		(3,281	)	$	1.70
Options Forfeited / Cancelled		(115,719	)	$	8.56

Outstanding at September 30, 2017		4,561,942		$	12.99		8.98 years	$	155,197

Exercisable at September 30, 2017		1,661,125