Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.1.u1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Stock-Based Compensation  
Schedule of stock option activity

Stock Option

Weighted Average

Remaining

Number of

Weighted Average

Contractual Life

Aggregate

Options

Exercise Price

(Years)

Intrinsic Value

Outstanding as of December 31, 2023

    

9,992

$

17.01

6.91

$

197,598

Options granted

 

Options exercised

 

(194)

8.78

Options forfeited

 

(23)

28.49

Outstanding as of March 31, 2024

 

9,775

$

17.15

6.67

$

176,726

Options expected to vest as of March 31, 2024

 

2,744

$

25.70

8.07

$

26,257

Options exercisable as of March 31, 2024

 

6,906

$

13.58

6.08

$

149,377

Schedule of restricted stock activity

    

RSUs

Number of

Weighted Average

Shares

Grant Date Fair Value

Outstanding as of December 31, 2023

4,720

$

28.03

Granted

 

2,387

33.88

Vested

 

(435)

27.13

Forfeited

 

(65)

28.48

Outstanding as of March 31, 2024

 

6,607

$

30.20

Schedule of PSUs activity

PSUs

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares

    

Value

Outstanding as of December 31, 2023

480

$

41.31

Granted

186

41.28

Vested

Forfeited

Outstanding as of March 31, 2024

 

666

$

41.30

Schedule of stock-based compensation expense

Three Months Ended

March 31, 

(in thousands)

 

2024

 

2023

Product development

$

7,373

$

4,379

Sales, marketing and customer support

 

5,936

 

3,507

General and administrative

 

6,932

 

3,927

Total stock-based compensation

$

20,241

$

11,813

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

    

2024

Risk‑free interest rate (percentage)

 

3.9 - 4.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

46.7