v3.24.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Outstanding Stock Options
A summary of the status of the Company’s outstanding stock options as of September 30, 2024 and changes during the nine months ending on that date is as follows:
Shares
Weighted Average Exercise
Price
Aggregate
Intrinsic
Value(1)
Weighted
Average
Remaining
Term (Yrs)
At December 31, 20234,918$3.81 $249,541 4.45
Exercised(2,489)1.54 112,394 — 
Forfeiture and cancelled— — — — 
At September 30, 20242,429$6.13 $61,277 5.00
Exercisable at September 30, 20242,429$6.13 $61,277 5.00
(1 The intrinsic value represents the amount by which the fair value of the Company's common stock exceeded the option exercise price as of September 30, 2024.
Schedule of Nonvested Share Activity
A summary of the Company’s restricted stock unit activity for the nine months ended September 30, 2024 and 2023 is presented in the following table:
Nine Months Ended
September 30, 2024September 30, 2023
Shares
Weighted
Average
Grant Date
Fair Value
Shares(1)
Weighted
Average
Grant Date
Fair Value(1)
Unvested at beginning of period1,218$26.13 1,617$20.24 
Granted27973.6743235.14
Vested(653)22.90(618)19.50
Forfeited and cancelled(66)38.07(192)24.22
Unvested at end of period778$44.95 1,239$31.42 
(1) Forward Stock Split - The share numbers have been retrospectively adjusted to reflect the three-for-one stock split that became effective on November 13, 2023. See Note 2. Basis of Presentation and Summary of Significant Accounting Policies for more information.
Schedule of Stock-based Awards Issued to Non-employee Consultants
A summary of the Company’s PSU activity for the nine months ended September 30, 2024 and 2023 is presented in the following table:
Nine Months Ended
September 30, 2024September 30, 2023
SharesWeighted
Average
Grant Date
Fair Value
Shares (1)
Weighted
Average
Grant Date
Fair Value (1)
Unvested at beginning of period123$29.43 228$30.49 
Granted16953.80 —— 
Vested(78)32.76 (93)32.76 
Forfeited and cancelled—— (12)24.87 
Unvested at end of period214$47.94 123$30.45 
(1) Forward Stock Split - The share numbers have been retrospectively adjusted to reflect the three-for-one stock split that became effective on November 13, 2023. See Note 2. Basis of Presentation and Summary of Significant Accounting Policies for more information.