Stock-Based Awards (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Stock Option Activity

The following summarizes stock option activity during the six months ended June 30, 2022:

	Number of Shares  (in thousands)			Weighted- Average Exercise Price Per Share		Weighted-Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2021		25,576		$	0.73		6.82	$	137,170
Granted		1,094			5.07
Exercised		(7,993	)		0.57
Forfeited, canceled or expired		(330	)		1.14
Outstanding as of June 30, 2022		18,347			1.06		6.40		24,259
Exercisable as of June 30, 2022		13,090			0.69		5.64		19,488
Vested and expected to vest as of June 30, 2022		18,347			1.06		6.40		24,259

Schedule of assumptions used

The range of assumptions used in the Black-Scholes-Merton option pricing model to determine the fair value of stock option awards granted during the six months ended June 30, 2022 are as follows:

Expected term (in years)	6.25
Risk-free interest rate	1.63% - 2.97%
Expected volatility	57.8% - 59.1%
Dividend yield	0.0%
Fair value on grant date	$4.83 - $5.11

Summary of RSU award activity

The following summarizes RSU award activity during the six months ended June 30, 2022:

	Number of RSUs (in thousands)			Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021		203		$	7.88
Granted		1,855			5.03
Vested and settled		(4	)		5.11
Forfeited		(3	)		5.11
Outstanding as of June 30, 2022		2,051			5.31

Summary of PSU award activity

The following summarizes PSU award activity during the six months ended June 30, 2022:

	Number of PSUs (in thousands)		Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021		—	$	—
Granted		2,115		4.72
Vested		—		—
Forfeited		—		—
Outstanding as of June 30, 2022		2,115		4.72

Schedule of stock-based compensation expense

The following details stock-based compensation expense for the respective periods:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands)	2022		2021		2022		2021
Sales, marketing and operating	$	616	$	193	$	964	$	365
General and administrative		1,592		331		2,731		650
Technology and development		192		125		333		248
Stock-based compensation expense	$	2,400	$	649	$	4,028	$	1,263

Performance-Based Restricted Stock Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of assumptions used

The assumptions used in the Monte Carlo simulation model to determine the fair value of the PSU awards granted during the six months ended June 30, 2022 are as follows:

Risk-free interest rate	1.47%
Expected volatility	60.0%
Dividend yield	0.0%
Fair value on grant date	$5.11