Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Stock-Option Activity

The table below summarizes return target options activity for the six months ended June 30, 2021:

	Options	Weighted‑ Average Exercise Price		Weighted‑ Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020	3,687,664	$	6.75	7.8	$	85,444
Granted	—	—			—
Exercised	—	—			—
Forfeitures	—	—			—
Outstanding, June 30, 2021	3,687,664	$	6.75	7.3	$	98,904
Options exercisable at June 30, 2021	—	$	—	—	$	—
Vested or expected to vest at June 30, 2021	—	$	—	—	$	—

The table below summarizes the service-based option activity for the six months ended June 30, 2021:

	Options	Weighted‑ Average Exercise Price		Weighted‑ Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020	3,546,826	$	5.65	7.1	$	86,098
Granted	—	—			—
Exercised	(1,257,440)	5.62			36,219
Forfeitures	—	—			—
Outstanding, June 30, 2021	2,289,386	$	5.66	6.6	$	63,896
Options exercisable at June 30, 2021	1,524,788	$	5.49	6.4	$	42,813
Vested or expected to vest at June 30, 2021	2,289,386	$	5.66	6.6	$	63,896

Summary of Restricted Stock Units Stock Option Activity

Restricted stock unit (“RSU”) activity for the six months ended June 30, 2021 is as follows:

	Units	Per Unit Fair Value
Outstanding, December 31, 2020	1,293,107	$	26.34
Granted	1,843,500	34.79
Restrictions lapsed	—	—
Forfeited	(42,807)	26.33
Outstanding, June 30, 2021	3,093,800	$	31.38

Schedule of Stock Based Compensation

The Company recognized stock-based compensation expense as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)
Cost of revenue:
Subscription	$	344	$	38	$	668	$	76
Services	75		—		152		—
Sales and marketing	1,088		111		1,930		222
Research and development	1,153		141		1,931		298
General and administrative	1,446		474		2,257		979
	$	4,106	$	764	$	6,938	$	1,575