v3.24.1.u1
Equity-based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Equity Option Activity

Option activity for the three months ended March 31, 2024 under the 2013 Plan and 2019 Plan is as follows:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Balance at January 1, 2024

 

 

5,229,440

 

 

$

15.62

 

 

 

8.0

 

 

$

18,882

 

Granted

 

 

67,615

 

 

 

17.82

 

 

 

9.9

 

 

 

 

Exercised

 

 

(30,619

)

 

 

6.33

 

 

 

—

 

 

 

 

Forfeited

 

 

(12,663

)

 

 

27.56

 

 

 

—

 

 

 

 

Expired

 

 

(4,901

)

 

 

15.41

 

 

 

—

 

 

 

 

Balance at March 31, 2024

 

 

5,248,872

 

 

 

15.67

 

 

 

7.9

 

 

 

39,893

 

Exercisable at March 31, 2024

 

 

1,552,398

 

 

 

15.21

 

 

 

5.5

 

 

 

13,758

 

Vested and expected to vest

 

 

3,672,616

 

 

 

16.79

 

 

 

7.2

 

 

 

27,109

 
Summary of RSU Award Activity

RSU award activity for the three months ended March 31, 2024 under the 2019 Plan is as follows:

 

 

 

Class A
Common
Stock

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Unvested at January 1, 2024

 

 

33,136

 

 

$

19.91

 

 

 

0.4

 

 

$

549

 

Granted (1)

 

 

32,092

 

 

 

22.70

 

 

 

0.0

 

 

 

—

 

Released

 

 

(40,494

)

 

 

24.61

 

 

 

—

 

 

 

 

Forfeited (2)

 

 

(437

)

 

 

26.82

 

 

 

—

 

 

 

 

Unvested at March 31, 2024

 

 

24,297

 

 

 

15.64

 

 

 

0.2

 

 

 

514

 
(1)
Includes an adjustment of 6,847 shares underlying performance-based RSU awards made during the three months ended March 31, 2024. The vesting of such RSUs is based upon the Company’s current performance against predefined financial targets.
(2)
Includes an adjustment of (437) shares underlying performance-based RSU awards made during the three months ended March 31, 2024. The vesting of such RSUs is based upon the Company’s current performance against predefined financial targets.