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Stock-Based Employee Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following table summarizes the stock option activity for the nine months ended September 30, 2023 (in thousands, except for share and per share amounts):
 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price Per
Share

 

 

Intrinsic
Value

 

 

Weighted-
Average
Remaining
Contractual
Term (in years)

 

Outstanding, December 31, 2022

 

 

7,801,650

 

 

$

2.67

 

 

$

43,185

 

 

 

6.0

 

Exercised

 

 

(1,080,034

)

 

 

3.31

 

 

 

 

 

 

 

Forfeited

 

 

(113,185

)

 

 

7.25

 

 

 

 

 

 

 

Expired

 

 

(16,946

)

 

 

4.73

 

 

 

 

 

 

 

Outstanding, September 30, 2023

 

 

6,591,485

 

 

$

2.49

 

 

$

83,674

 

 

 

5.1

 

Exercisable, September 30, 2023

 

 

6,027,138

 

 

$

2.17

 

 

$

78,435

 

 

 

4.9

 

 

Summary of restricted stock unit activity

The following table summarizes the restricted stock unit activity for the nine months ended September 30, 2023 (in thousands, except for share and per share amounts):

 

 

 

Number of RSUs

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Outstanding, December 31, 2022

 

 

5,978,564

 

 

$

14.57

 

Granted

 

 

4,545,164

 

 

$

14.00

 

Vested

 

 

(2,132,397

)

 

$

14.33

 

Forfeited

 

 

(382,506

)

 

$

13.54

 

Outstanding, September 30, 2023

 

 

8,008,825

 

 

$

14.36