SeaChange International, Inc. Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Jan. 31, 2021

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option pricing model to determine the fair value of stock options granted:

	For the Fiscal Years Ended January 31,
	2021			2020
Risk-free interest rate		0.3	%		1.8	%
Expected volatility		62.1	%		50.5	%
Expected dividend yield		0.0	%		0.0	%
Expected term (in years)		5.5			6.0

Stock Option Activity

The following table summarizes our stock option activity:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
	Shares			Price		Term		Value
Outstanding as of January 31, 2020		2,768,466		$	2.14		8.03	$	6,430,232
Granted		300,998			2.74
Exercised		(39,270	)		3.04
Forfeited		(1,357,648	)		2.42
Outstanding as of January 31, 2021		1,672,546		$	2.00		5.64	$	—
Vested and expected to vest as of January 31, 2021		1,672,546		$	2.00		5.64	$	—
Options exercisable as of January 31, 2021		1,154,773		$	2.12		4.41	$	—

Summary of Stock Unit Activity

The following table summarizes our stock unit activity:

				Weighted Average
				Grant-Date
	Number of Shares			Fair Value
Unvested balance as of January 31, 2020		1,144,953		$	2.30
Granted		790,671			1.51
Vested		(462,300	)		2.65
Forfeited		(301,455	)		1.83
Unvested balance as of January 31, 2021		1,171,869		$	1.87

Summary of Stock Based Compensation Expense Recognized

We recognized stock-based compensation expense within the accompanying consolidated statements of operations and comprehensive loss as follows:

	For the Fiscal Years Ended January 31,
	2021			2020
	(Amounts in thousands)
Cost of revenue	$	(8	)	$	4
Research and development		292			302
Sales and marketing		96			230
General and administrative		867			615
	$	1,247		$	1,151