Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Class P Unit Activities

A summary of the Class P Unit activity for the nine months ended September 30, 2023 is as follows:

	Number of Units
Outstanding Class P Units, December 31, 2022	15,125,429
Cancellations	(64,302)
Exchanged for Class A Common Stock	(95,000)
Outstanding, Class P Units, September 30, 2023	14,966,127
Vested, September 30, 2023	14,853,794

Schedule of Restricted Stock Units Activity

A summary of the restricted stock unit (“RSU”) activity for the nine months ended September 30, 2023 is as follows:

	Number of RSUs	Weighted-average Grant Date Fair Value
Non-vested at December 31, 2022	6,269,868	$	7.07
Granted	5,242,710	$	0.96
Vested	(1,775,434)	$	6.98
Forfeited	(2,563,436)	$	4.52
Non-vested at September 30, 2023	7,173,708	$	3.53

A summary of the PRSU activity for the nine months ended September 30, 2023 is as follows:

	Number of PRSUs	Weighted-average Grant Date Fair Value
Non-vested at December 31, 2022	859,375	$	6.40
Granted	—	$	—
Vested	—	$	—
Forfeited	(625,000)	$	6.40
Non-vested at September 30, 2023	234,375	$	6.40

Schedule of Stock-based Payment Arrangement

The Company recorded stock-based compensation cost related to the Class P Units, RSUs and PRSUs in the following expense categories on the accompanying condensed consolidated statements of operations (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Sales and marketing	$	587	$	956	$	2,180	$	4,839
Product development	944		1,065		3,226		3,993
General and administrative	766		(382)		4,983		8,418
Total stock-based compensation expense	2,297		1,639		10,389		17,250
Amount capitalized to software development	365		337		959		1,266
Total stock-based compensation cost	$	2,662	$	1,976	$	11,348	$	18,516