Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.24.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Stock-Based Compensation  
Schedule of stock option activity

Stock Option

    

Weighted 

Average 

Weighted 

Remaining 

Number of 

Average 

Contractual Life

Aggregate 

    

Options

    

Exercise Price

    

 (Years)

    

Intrinsic Value

Outstanding as of January 1, 2023

 

11,861

$

13.43

 

7.17

$

129,323

Options granted

 

918

25.46

 

 

Options exercised

 

(2,701)

3.91

 

 

Options forfeited

 

(86)

25.14

 

 

Outstanding as of December 31, 2023

 

9,992

$

17.01

 

6.91

$

197,598

Options expected to vest as of December 31, 2023

 

3,196

$

24.86

 

8.21

$

38,131

Options exercisable as of December 31, 2023

 

6,607

$

12.94

 

6.22

$

157,528

Schedule of valuation assumptions

    

2023

    

2022

    

2021

Risk‑free interest rate (percentage)

 

3.6

 

2.0 - 3.7

 

0.6. - 1.4

Expected term (years)

 

6.1

 

6.1

 

5.8 - 6.1

Expected dividend yield (percentage)

 

 

 

Expected volatility (percentage)

 

46.5

 

42.8 - 46.0

 

42.1 - 43.6

Schedule of restricted stock activity

RSUs

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares

    

Value

Outstanding as of January 1, 2023

3,154

$

27.07

Granted

3,197

28.19

Vested

(1,423)

26.42

Forfeited

(208)

26.97

Outstanding as of December 31, 2023

 

4,720

$

28.03

Schedule of PSUs activity

PSUs

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares

    

Value

Outstanding as of January 1, 2023

$

Granted

480

41.31

Vested

Forfeited

Outstanding as of December 31, 2023

 

480

$

41.31

Schedule of stock-based compensation expense

Year Ended December 31, 

(in thousands)

    

2023

    

2022

    

2021

Product development

$

22,955

$

15,030

$

4,369

Sales, marketing and customer support

 

18,299

 

14,265

 

6,375

General and administrative

 

17,990

 

13,012

 

11,143

Total stock‑based compensation

$

59,244

$

42,307

$

21,887

Performance share units (PSUs)  
Stock-Based Compensation  
Schedule of valuation assumptions

    

2023

Risk‑free interest rate (percentage)

 

3.9 - 4.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

46.7