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Stock-based compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense
The Company recognized stock-based compensation expense for all equity arrangements as follows:
Three Months Ended March 31,
20242023
(in thousands)
Cost of revenue:
Subscription
$2,628 $2,267 
Services
412 309 
Sales and marketing6,389 7,499 
Research and development5,431 5,033 
General and administrative5,719 4,442 
$20,579 $19,550 
Schedule of Stock-Option Activity
The table below summarizes return target option activity for the three months ended March 31, 2024:
OptionsWeighted‑
Average
Exercise
Price
Weighted‑
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding, December 31, 20232,594,622 $6.61 4.3$29,697 
Exercised(10,000)7.33 127 
Outstanding, March 31, 20242,584,622 $6.61 4.1$30,339 
Options exercisable at March 31, 20242,584,622 $6.61 4.1$30,339 
Vested or expected to vest at March 31, 20242,584,622 $6.61 4.1$30,339 
The table below summarizes the service-based option activity for the three months ended March 31, 2024:
OptionsWeighted‑
Average
Exercise
Price
Weighted‑
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding, December 31, 20231,048,885 $5.54 3.2$13,129 
Exercised
(37,583)5.49 473 
Outstanding, March 31, 20241,011,302 $5.54 3.0$12,950 
Options exercisable at March 31, 20241,011,302 $5.54 3.0$12,950 
Vested or expected to vest at March 31, 20241,011,302 $5.54 3.0$12,950 
Schedule of Restricted Stock Units Stock Option Activity
RSU activity for the three months ended March 31, 2024 was as follows:
UnitsWeighted-Average Grant Date Fair Value (per share)
Outstanding, December 31, 202310,551,679 $24.49 
Granted4,779,499 17.78 
Vested(1,347,681)22.75 
Forfeited(573,525)25.10 
Outstanding, March 31, 202413,409,972 $22.25