Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 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

 

436

20.10

 

 

Options exercised

 

(180)

3.25

 

 

Options forfeited

 

(117)

5.84

 

 

Outstanding as of March 31, 2021

 

14,852

$

4.94

 

7.61

 

$

244,811

Options expected to vest as of March 31, 2021

 

4,945

$

8.60

 

 

$

63,365

Options exercisable as of March 31, 2021

 

5,952

$

2.65

 

 

$

111,718

Schedule of Black-Scholes-Merton option-pricing model

2021

Risk - free interest rate (percentage)

 

0.6. - 0.8

Expected term (years)

 

6.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

43.4 - 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

 

484

 

19.44

Vested

 

 

  

Forfeited

 

 

  

Outstanding as of March 31, 2021

 

1,745

$

10.99

Expected to vest as of March 31, 2021

 

1,578

 

  

Schedule of stock-based compensation expense

Three Months Ended

March 31, 

(in thousands)

 

2021

 

2020

Product development

$

278

$

101

Sales, marketing and customer support

 

624

 

172

General and administrative

 

1,636

 

529

Total stock-based compensation

$

2,538

$

802