Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted Average Assumptions

The weighted average assumptions for the six months ended June 30, 2022 and 2021 are provided in the following table.

	Six Months Ended June 30,
	2022			2021
Valuation assumptions:
Expected dividend yield	—%			—%
Expected volatility		66	%		53	%
Expected term (years)		6.0			6.0
Risk-free interest rate		1.9	%		1.1	%
Fair value of share	$	34.86		$	26.96

Summary of Stock Option Activity

A summary of the status of the Company’s stock option activity and the changes during the six months ended June 30, 2022, are as follows (in millions, except share and per share amounts):

	Number of Shares			Weighted Average Exercise Price Per Share		Average Remaining Contractual Term		Aggregate Intrinsic Value
Exercisable at December 31, 2021		987,622		$	3.35		7.5	$	47.3
Balance at December 31, 2021		3,286,870			6.98		8.4		145.5
Granted		321,649			34.86		—		—
Exercised		(465,826	)		5.38		—		—
Forfeited		(131,375	)		8.13		—		—
Expired		(1,591	)		5.35		—		—
Balance at June 30, 2022		3,009,727			10.16		8.1		71.8
Exercisable at June 30, 2022		1,222,056			5.76		7.5		34.4

Summary of Restricted Stock Unit Activity

A summary of the status of the Company’s restricted stock unit activity and the changes during the six months ended June 30, 2022 are as follows (in millions, except share and per share amounts):

	Number of Shares			Weighted Average Grant Date fair value (per share)		Aggregate Intrinsic Value
Unvested RSUs as of December 31, 2021		186,480		$	63.94	$	9.6
Granted		773,945			40.96		—
Vested		(35,666	)		59.89		—
Forfeited and cancelled		(74,138	)		50.15		—
Unvested RSUs as of June 30, 2022		850,621			44.40		28.9

Schedule of Total Stock-based Compensation Costs

Total stock-based compensation cost for the three and six months ended June 30, 2022 and 2021 were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Sales and marketing	$	1,300	$	302	$	1,936	$	355
Operations and support		1,741		590		3,164		694
Product development		1,128		416		2,022		491
General and administrative		1,310		667		1,813		940
Total stock compensation expense	$	5,479	$	1,975	$	8,935	$	2,480