v3.24.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Stock-Based Compensation  
Schedule of stock option activity

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Stock Option

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Weighted Average

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Remaining

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Number of

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Weighted Average

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Contractual Life

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Aggregate

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Options

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Exercise Price

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(Years)

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Intrinsic Value

Outstanding as of December 31, 2023

    

9,992

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$

17.01

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6.91

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$

197,598

Options granted

 

—

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—

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Options exercised

 

(363)

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7.09

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Options forfeited

 

(46)

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31.01

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Outstanding as of June 30, 2024

 

9,583

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$

17.32

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6.42

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$

61,419

Options expected to vest as of June 30, 2024

 

2,194

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$

25.96

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7.94

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$

1,271

Options exercisable as of June 30, 2024

 

7,297

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$

14.61

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5.94

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$

60,147

Schedule of restricted stock activity

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RSUs

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Number of

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Weighted Average

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Shares

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Grant Date Fair Value

Outstanding as of December 31, 2023

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4,720

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$

28.03

Granted

 

2,727

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32.97

Vested

 

(1,063)

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28.96

Forfeited

 

(152)

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29.00

Outstanding as of June 30, 2024

 

6,232

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$

30.01

Schedule of PSUs activity

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PSUs

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Weighted 

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Average Grant 

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Number of 

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Date Fair 

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Shares (1)

    

Value

Outstanding as of December 31, 2023

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480

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$

41.31

Granted

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186

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41.28

Vested

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—

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—

Forfeited

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—

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—

Outstanding as of June 30, 2024

 

666

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$

41.30

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(1) For awards for which the performance period is complete, the number of outstanding PSUs is based on the actual shares that will vest upon completion of the service period. For awards for which the performance period is not yet complete, the number of outstanding PSUs is based on the participants earning 100% of their target PSUs.

Schedule of stock-based compensation expense

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

(in thousands)

 

2024

 

2023

 

2024

 

2023

Product development

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$

9,734

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$

5,975

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$

17,107

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$

10,354

Sales, marketing and customer support

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7,503

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4,746

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13,439

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8,253

General and administrative

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7,478

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4,446

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14,410

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8,373

Total stock-based compensation

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$

24,715

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$

15,167

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$

44,956

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$

26,980

Performance share units (PSUs)  
Stock-Based Compensation  
Schedule of valuation assumptions

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2024

Risk‑free interest rate (percentage)

 

3.9 - 4.1

Expected dividend yield (percentage)

 

—

Expected volatility (percentage)

 

46.7