Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

861

25.24

Options exercised

 

(1,942)

3.97

Options forfeited

 

(64)

25.86

Outstanding as of September 30, 2023

 

10,716

$

16.02

6.96

$

138,907

Options expected to vest as of September 30, 2023

 

3,642

$

24.17

8.34

$

19,273

Options exercisable as of September 30, 2023

 

6,842

$

11.33

6.15

$

119,013

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

 

2,485

26.55

Vested

 

(972)

25.88

Forfeited

 

(144)

27.32

Outstanding as of September 30, 2023

 

4,523

$

27.04

Schedule of stock-based compensation expense

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

(in thousands)

 

2023

 

2022

 

2023

 

2022

Product development

$

6,235

$

3,665

$

16,589

$

10,575

Sales, marketing and customer support

 

4,945

 

4,302

 

13,198

 

10,718

General and administrative

 

4,611

 

3,004

 

12,984

 

9,931

Total stock-based compensation

$

15,791

$

10,971

$

42,771

$

31,224