XML 351 R33.htm IDEA: XBRL DOCUMENT v3.23.3
Equity and Equity Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Reserved Shares of Common Stock
We have reserved shares of common stock for future issuance under our 2017 EIP as follows:
September 30, 2023December 31, 2022
Stock options issued and outstanding2,653,619 3,282,789 
Restricted stock units outstanding13,643,678 15,731,632 
Shares available for future equity grants11,838,057 7,951,616 
Total shares reserved for future issuance28,135,354 26,966,037 
We have reserved shares of common stock for future issuance under our ESPP as follows:
Nine Months Ended September 30, 2023
Year Ended December 31, 2022
Shares available for issuance at beginning of period4,695,3615,865,467
Shares issued during the period(1,150,703)(1,170,106)
Total shares available for future issuance at end of period3,544,6584,695,361
Schedule of Stock Option Activity Option activity for the nine months ended September 30, 2023 was as follows:
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Life (Years)Aggregate Intrinsic Value
Outstanding as of January 1, 20233,282,789$9.10 2.90$1,145 
Options exercised(579,000)2.70 
Options expired(50,170)9.62 
Outstanding as of September 30, 2023
2,653,61910.48 2.65795 
Options exercisable as of September 30, 2023
2,653,61910.48 2.65795 
Schedule of Nonvested Restricted Stock Units Activity Restricted stock unit activity for the nine months ended September 30, 2023 was as follows:
Restricted Stock UnitsWeighted-Average Grant-Date Fair Value
Outstanding as of January 1, 202315,731,632 $11.53 
Granted4,996,788 9.41 
Vested(5,330,317)12.31 
Forfeited or canceled(1,754,425)11.52 
Outstanding or deferred as of September 30, 2023(1)
13,643,678 10.45 
(1) Starting with the restricted stock units granted to them in June 2019, our non-employee directors have the option to defer the issuance of common stock receivable upon vesting of such restricted stock units until 60 days following the day they are no longer providing services to us or, if earlier, upon a change in control transaction. The amount reported as vested excludes restricted stock units that have vested but whose settlement into shares has been deferred. The amount reported as outstanding or deferred as of September 30, 2023 includes these restricted stock units. As no further conditions exist to prevent the issuance of the shares of common stock underlying these restricted stock units, the shares are included in basic and diluted weighted shares outstanding used to calculate net loss per share attributable to common stock. The amount of shares whose issuance have been deferred is not considered material and is not reported separately from stock-based compensation in our consolidated statements of changes in mezzanine equity and stockholders’ equity.
Schedule of Allocation of Share-based Compensation Costs Stock-based compensation expense associated with the PSUs was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
PSU expense$1,224 $1,867 $4,405 $3,536 
Expense due to reassessment of achievement related to prior periods(588)(815)(780)(815)
Total expense$636 $1,052 $3,625 $2,721 
Stock-based compensation, net of forfeitures and the amount capitalized in website and software development costs were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Cost of revenue$3,037 $4,165 $10,173 $10,771 
Technology and development(1)
8,391 6,353 24,759 20,230 
Marketing1,337 1,002 3,836 2,939 
General and administrative6,035 4,904 16,380 13,022 
Stock-based compensation from continuing operations18,800 16,424 55,148 46,962 
Stock-based compensation from discontinued operations(1)
— 1,646 234 4,710 
Total stock-based compensation$18,800 $18,070 $55,382 $51,672 
(1) Net of $969 and $930 of stock-based compensation that was capitalized in the three months ended September 30, 2023 and 2022, respectively, and $3,173 and $2,983 for the nine months ended September 30, 2023 and 2022, respectively.