Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

(432)

6.69

Options forfeited

 

(69)

30.97

Outstanding as of September 30, 2024

 

9,491

$

17.38

6.20

$

47,666

Options expected to vest as of September 30, 2024

 

1,776

$

26.91

7.91

$

Options exercisable as of September 30, 2024

 

7,650

$

15.09

5.79

$

47,666

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

 

2,972

31.93

Vested

 

(1,664)

28.98

Forfeited

 

(228)

29.41

Outstanding as of September 30, 2024

 

5,800

$

29.70

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 September 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

Nine Months Ended

September 30, 

September 30, 

(in thousands)

 

2024

 

2023

 

2024

 

2023

Product development

$

8,899

$

6,235

$

26,006

$

16,589

Sales, marketing and customer support

 

7,152

 

4,945

 

20,591

 

13,198

General and administrative

 

6,899

 

4,611

 

21,309

 

12,984

Total stock-based compensation

$

22,950

$

15,791

$

67,906

$

42,771

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