Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2023
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, 2022

    

11,861

$

13.43

7.17

$

129,323

Options granted

 

789

24.72

Options exercised

 

(544)

3.20

Options forfeited

 

(41)

27.75

Outstanding as of March 31, 2023

 

12,065

$

14.58

7.20

$

194,352

Options expected to vest as of March 31, 2023

 

4,477

$

22.98

8.68

$

35,705

Options exercisable as of March 31, 2023

 

7,232

$

8.82

6.18

$

156,941

Schedule of Black-Scholes-Merton option-pricing model

2023

Risk - free interest rate (percentage)

 

3.6

Expected term (years)

 

6.1

Expected dividend yield (percentage)

 

Expected volatility (percentage)

 

46.5

Schedule of restricted stock activity

    

Restricted Stock Units

Number of

Weighted Average

Shares

Grant Date Fair Value

Outstanding as of December 31, 2022

3,154

$

27.07

Granted

 

1,988

24.90

Vested

 

(218)

26.94

Forfeited

 

(56)

28.94

Outstanding as of March 31, 2023

 

4,868

$

26.17

Schedule of stock-based compensation expense

Three Months Ended

March 31, 

(in thousands)

 

2023

 

2022

Product development

$

4,379

$

3,366

Sales, marketing and customer support

 

3,507

 

3,829

General and administrative

 

3,927

 

3,799

Total stock-based compensation

$

11,813

$

10,994