Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
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, 2021

    

12,117

$

10.84

7.53

$

274,684

Options granted

 

427

26.65

Options exercised

 

(785)

3.19

Options forfeited

 

(212)

22.84

Outstanding as of June 30, 2022

 

11,547

$

11.72

7.26

$

150,225

Options expected to vest as of June 30, 2022

 

4,198

$

21.00

8.50

$

26,359

Options exercisable as of June 30, 2022

 

7,098

$

5.69

6.43

$

123,232

Schedule of Black-Scholes-Merton option-pricing model

2022

Risk - free interest rate (percentage)

 

2.0

Expected term (years)

 

6.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

42.8

Schedule of restricted stock activity

    

Restricted Stock Units

Number of

Weighted Average

Shares

Grant Date Fair Value

Outstanding as of December 31, 2021

3,250

$

24.20

Granted

 

985

24.43

Vested

 

(1,080)

13.38

Forfeited

 

(171)

28.15

Outstanding as of June 30, 2022

 

2,984

$

27.96

Schedule of stock-based compensation expense

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(in thousands)

 

2022

 

2021

 

2022

 

2021

Product development

$

3,544

$

436

$

6,910

$

714

Sales, marketing and customer support

 

2,587

 

1,696

 

6,416

 

2,320

General and administrative

 

3,128

 

2,582

 

6,927

 

4,218

Total stock-based compensation

$

9,259

$

4,714

$

20,253

$

7,252