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Equity-based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Equity Option Activity

Option activity for the six months ended June 30, 2022 under the 2013 Plan and 2019 Plan is as follows:

 

 

 

Number of
Shares

 

 

Weighted
Average
Exercise Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Balance at January 1, 2022

 

 

2,342,271

 

 

$

13.48

 

 

 

7.5

 

 

$

100,232

 

Granted

 

 

344,614

 

 

 

45.24

 

 

 

9.6

 

 

 

 

Exercised

 

 

(71,985

)

 

 

10.25

 

 

 

 

 

 

 

Forfeited

 

 

(42,581

)

 

 

35.26

 

 

 

 

 

 

 

Expired

 

 

(1,583

)

 

 

18.65

 

 

 

 

 

 

 

Balance at June 30, 2022

 

 

2,570,736

 

 

 

17.46

 

 

 

7.4

 

 

 

31,676

 

Exercisable at June 30, 2022

 

 

860,244

 

 

 

11.21

 

 

 

6.3

 

 

 

13,040

 

Vested and expected to vest

 

 

2,570,736

 

 

 

17.46

 

 

 

7.4

 

 

 

31,676

 

Summary of RSU Award Activity

RSU award activity for the six months ended June 30, 2022 under the 2019 Plan is as follows:

 

 

 

Class A
Common
Stock

 

 

Weighted
Average
Grant Date
Fair Value

 

 

Weighted
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value
(thousands)

 

Unvested at January 1, 2022

 

 

32,336

 

 

$

43.94

 

 

 

0.6

 

 

$

1,812

 

Granted (1)

 

 

71,052

 

 

 

43.42

 

 

 

0.7

 

 

 

 

Released

 

 

(27,641

)

 

 

48.04

 

 

 

 

 

 

 

Forfeited(2)

 

 

(47,235

)

 

 

45.65

 

 

 

 

 

 

 

Unvested at June 30, 2022

 

 

28,512

 

 

 

35.82

 

 

 

1.0

 

 

 

739

 

(1)
Includes an adjustment of 1,165 shares underlying performance-based RSU awards made during the six months ended June 30, 2022. The vesting of such RSUs is based upon the Company’s current performance against predefined financial targets.
(2)
Includes an adjustment of (47,235) shares underlying performance-based RSU awards made during the six months ended June 30, 2022. The vesting of such RSUs is based upon the Company’s current performance against predefined financial targets.