Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
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, 2020

    

14,713

$

4.47

7.79

$

181,914

Options granted

 

1,707

30.95

Options exercised

 

(1,710)

3.28

Options forfeited

 

(271)

7.15

Outstanding as of September 30, 2021

 

14,439

$

7.70

7.41

$

383,974

Options expected to vest as of September 30, 2021

 

4,136

$

16.20

8.90

$

75,637

Options exercisable as of September 30, 2021

 

6,404

$

3.68

6.70

$

195,205

Schedule of Black-Scholes-Merton option-pricing model

2021

Risk - free interest rate (percentage)

 

0.6. - 1.1

Expected term (years)

 

5.9 - 6.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

42.1 - 43.6

Schedule of restricted stock activity

    

Restricted Stock

Number of

Weighted Average

Shares

Grant Date Fair Value

Outstanding as of December 31, 2020

1,261

$

7.74

Granted

 

1,720

30.88

Vested

 

(322)

8.97

Forfeited

 

(4)

35.54

Outstanding as of September 30, 2021

 

2,655

$

22.54

Expected to vest as of September 30, 2021

 

2,330

Schedule of stock-based compensation expense

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(in thousands)

 

2021

 

2020

 

2021

 

2020

Product development

$

1,239

$

212

$

1,953

$

465

Sales, marketing and customer support

 

1,423

 

305

 

3,743

 

869

General and administrative

 

2,186

 

1,102

 

6,404

 

2,227

Total stock-based compensation

$

4,848

$

1,619

$

12,100

$

3,561