Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Stock-Based Compensation  
Schedule of stock option activity

Stock Option

    

Weighted 

Average 

Weighted 

Remaining 

Number of 

Average 

Contractual Life

Aggregate 

    

Options

    

Exercise Price

    

 (Years)

    

Intrinsic Value

Outstanding as of January 1, 2021

 

14,713

$

4.47

 

7.79

$

181,914

Options granted

 

2,677

31.15

 

 

Options exercised

 

(4,788)

2.62

 

 

Options forfeited

 

(485)

11.01

 

 

Outstanding as of December 31, 2021

 

12,117

$

10.84

 

7.53

$

274,684

Options expected to vest as of December 31, 2021

 

4,576

$

19.70

 

9.00

$

64,265

Options exercisable as of December 31, 2021

 

7,077

$

4.18

 

6.49

$

206,060

Schedule of Black-Scholes-Merton option-pricing model

    

2021

    

2020

    

2019

Risk‑free interest rate (percentage)

 

0.6. - 1.4

 

0.3 - 1.6

 

1.6 - 2.6

Expected term (years)

 

5.8 - 6.1

 

5.3 - 6.3

 

5.6 - 6.1

Expected dividend yield (percentage)

 

 

 

Expected volatility (percentage)

 

42.1 - 43.6

 

39.9 - 44.1

 

35.4 - 40.9

Schedule of restricted stock activity

Restricted Stock

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares

    

Value

Outstanding as of January 1, 2021

1,261

$

7.74

Granted

2,406

31.22

Vested

(366)

12.11

Forfeited

(51)

35.38

Outstanding as of December 31, 2021

 

3,250

$

24.20

Schedule of stock-based compensation expense

Year Ended December 31, 

(in thousands)

    

2021

    

2020

    

2019

Cost of revenue

$

$

$

8

Product development

 

4,369

 

673

 

305

Sales, marketing and customer support

 

6,375

 

6,151

 

450

General and administrative

 

11,143

 

13,703

 

917

Total stock‑based compensation

$

21,887

$

20,527

$

1,680

Non‑cash stock‑based compensation expense

$

21,887

$

5,984

$

1,680

Cash‑based compensation expense (a)

 

 

14,543

 

Total stock‑based compensation

$

21,887

$

20,527

$

1,680

(a) Includes incremental cash-based compensation paid in connection with repurchased and cancelled stock options of 956 that contain both market-based and performance-based vesting conditions.