Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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

 

(363)

7.09

Options forfeited

 

(46)

31.01

Outstanding as of June 30, 2024

 

9,583

$

17.32

6.42

$

61,419

Options expected to vest as of June 30, 2024

 

2,194

$

25.96

7.94

$

1,271

Options exercisable as of June 30, 2024

 

7,297

$

14.61

5.94

$

60,147

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

 

2,727

32.97

Vested

 

(1,063)

28.96

Forfeited

 

(152)

29.00

Outstanding as of June 30, 2024

 

6,232

$

30.01

Schedule of PSUs activity

PSUs

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares (1)

    

Value

Outstanding as of December 31, 2023

480

$

41.31

Granted

186

41.28

Vested

Forfeited

Outstanding as of June 30, 2024

 

666

$

41.30

(1) For awards for which the performance period is complete, the number of outstanding PSUs is based on the actual shares that will vest upon completion of the service period. For awards for which the performance period is not yet complete, the number of outstanding PSUs is based on the participants earning 100% of their target PSUs.

Schedule of stock-based compensation expense

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(in thousands)

 

2024

 

2023

 

2024

 

2023

Product development

$

9,734

$

5,975

$

17,107

$

10,354

Sales, marketing and customer support

 

7,503

 

4,746

 

13,439

 

8,253

General and administrative

 

7,478

 

4,446

 

14,410

 

8,373

Total stock-based compensation

$

24,715

$

15,167

$

44,956

$

26,980

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