Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

498

26.08

Options exercised

 

(1,303)

3.81

Options forfeited

 

(315)

24.68

Outstanding as of September 30, 2022

 

10,997

$

11.96

7.08

$

181,736

Options expected to vest as of September 30, 2022

 

3,792

$

21.35

8.46

$

32,252

Options exercisable as of September 30, 2022

 

7,006

$

6.44

6.29

$

148,735

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

 

1,279

24.02

Vested

 

(1,430)

15.81

Forfeited

 

(240)

28.56

Outstanding as of September 30, 2022

 

2,859

$

27.94

Schedule of stock-based compensation expense

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(in thousands)

 

2022

 

2021

 

2022

 

2021

Product development

$

3,665

$

1,239

$

10,575

$

1,953

Sales, marketing and customer support

 

4,302

 

1,423

 

10,718

 

3,743

General and administrative

 

3,004

 

2,186

 

9,931

 

6,404

Total stock-based compensation

$

10,971

$

4,848

$

31,224

$

12,100