Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Equity Based Compensation Expense

Stock-based compensation expense, consisting of service-based expense related to the equity incentive plan, including expense from stock options and restricted stock units, and the employee stock purchase plan, was classified as follows in the accompanying condensed consolidated statements of operations for each of the periods presented (in thousands):

	Three Months Ended March 31,
	2024		2023
Cost of revenue	$	239	$	213
Sales and marketing	1,151		964
Research and development	1,898		930
General and administrative	3,484		2,406
Total	$	6,772	$	4,513

Schedule of Stock Option Activity

Stock option activity was as follows:

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2023	1,840,735	$	4.32	5.96	$	13,165
Exercisable as of December 31, 2023	1,480,536	$	3.82	5.62	$	11,320
Granted	—	$	—
Exercised	(60,548)	$	4.80
Forfeited and expired	(2,075)	$	5.81
Outstanding as of March 31, 2024	1,778,112	$	4.30	5.71	$	12,768
Exercisable as of March 31, 2024	1,495,817	$	3.89	5.44	$	11,348

Schedule of Restricted Stock Unit Activity

RSU activity was as follows:

	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023	7,504,848	$	5.98
Granted	2,068,200	$	11.64
Vested	(1,205,838)	$	5.28

Canceled	(81,064)	$	6.78
Outstanding as of March 31, 2024	8,286,146	$	7.48