Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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

 

850

25.03

Options exercised

 

(1,295)

4.46

Options forfeited

 

(63)

26.03

Outstanding as of June 30, 2023

 

11,353

$

15.25

7.07

$

268,700

Options expected to vest as of June 30, 2023

 

4,071

$

23.55

8.51

$

62,578

Options exercisable as of June 30, 2023

 

6,989

$

9.96

6.13

$

202,429

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

 

2,197

25.39

Vested

 

(599)

25.88

Forfeited

 

(124)

27.10

Outstanding as of June 30, 2023

 

4,628

$

26.43

Schedule of stock-based compensation expense

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(in thousands)

 

2023

 

2022

 

2023

 

2022

Product development

$

5,975

$

3,544

$

10,354

$

6,910

Sales, marketing and customer support

 

4,746

 

2,587

 

8,253

 

6,416

General and administrative

 

4,446

 

3,128

 

8,373

 

6,927

Total stock-based compensation

$

15,167

$

9,259

$

26,980

$

20,253