Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the stock option activity is as follows:

(in thousands, except per share amounts and term information)	Shares	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2023	23,500	$7.04	7.9 years	$20,689
Granted	4,890	7.18
Exercised	(3,287)	5.75		8,003
Expired / Cancelled / Forfeited	(3,988)	6.81
Outstanding at December 31, 2024	21,115	$7.32	7.2 years	$1,290
Exercisable at December 31, 2024	13,319	$7.49	6.7 years	$1,290

Schedule of Assumptions Used in Black-Scholes Model to Determine Fair Value for Stock Option Awards Granted

The fair

value of option awards issued with service or performance vesting conditions are estimated on the grant date using the

Black-Scholes option pricing model. The following table summarizes the assumptions used:

	Year Ended December 31,
	2024	2023	2022
Risk-free interest rate	3.7% - 4.6%	3.4% - 4.4%	1.7% - 3.8%
Expected term	5.2 - 6.3 years	5.2 - 6.1 years	5.7 - 6.1 years
Expected stock price volatility	65% - 72.5%	70% - 77.5%	60% - 77.5%
Dividend yield	—	—	—

Schedule of Restricted Stock Activity

A summary of the Restricted Stock Unit activity is as follows:

(in thousands, except per share amounts)	Restricted Stock Units for Class A Common Stock	Restricted Stock Units for Class B Common Stock	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2023	25,592	1,539	$8.99
Granted	12,869	—	7.24
Vested	(9,913)	(1,539)	11.40
Forfeited	(6,179)	—	7.30
Outstanding at December 31, 2024	22,369	—	$7.22