Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
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, 2022

 

12,117

$

10.84

 

7.53

$

274,684

Options granted

 

1,715

25.50

 

 

Options exercised

 

(1,580)

3.74

 

 

Options forfeited

 

(391)

25.05

 

 

Outstanding as of December 31, 2022

 

11,861

$

13.43

 

7.17

$

129,323

Options expected to vest as of December 31, 2022

 

4,322

$

22.25

 

8.67

$

17,722

Options exercisable as of December 31, 2022

 

7,312

$

7.81

 

6.21

$

111,347

Schedule of Black-Scholes-Merton option-pricing model

    

2022

    

2021

    

2020

Risk‑free interest rate (percentage)

 

2.0 - 3.7

 

0.6. - 1.4

 

0.3 - 1.6

Expected term (years)

 

6.1

 

5.8 - 6.1

 

5.3 - 6.3

Expected dividend yield (percentage)

 

 

 

Expected volatility (percentage)

 

42.8 - 46.0

 

42.1 - 43.6

 

39.9 - 44.1

Schedule of restricted stock activity

Restricted Stock

Weighted 

Average Grant 

Number of 

Date Fair 

    

Shares

    

Value

Outstanding as of January 1, 2022

3,250

$

24.20

Granted

2,060

24.75

Vested

(1,843)

19.16

Forfeited

(313)

28.46

Outstanding as of December 31, 2022

 

3,154

$

27.07

Schedule of stock-based compensation expense

Year Ended December 31, 

(in thousands)

    

2022

    

2021

    

2020

Product development

 

15,030

 

4,369

 

673

Sales, marketing and customer support

 

14,265

 

6,375

 

6,151

General and administrative

 

13,012

 

11,143

 

13,703

Total stock‑based compensation

$

42,307

$

21,887

$

20,527

Non‑cash stock‑based compensation expense

$

42,307

$

21,887

$

5,984

Cash‑based compensation expense (a)

 

 

 

14,543

Total stock‑based compensation

$

42,307

$

21,887

$

20,527

(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.