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

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

 

 

 

Stock Options

 

 

Weighted-Average Exercise Price

 

Outstanding as of December 31, 2021

 

 

7,726,827

 

 

$

0.60

 

Exercised

 

 

(355,629

)

 

 

0.51

 

Outstanding as of June 30, 2022

 

 

7,371,198

 

 

$

0.60

 

Exercisable as of June 30, 2022

 

 

6,764,407

 

 

$

0.59

 

Summary of RSU Activity

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

 

 

 

Restricted Stock Units

 

 

Weighted-Average Grant Date Fair Value

 

Outstanding as of December 31, 2021

 

 

846,797

 

 

$

7.95

 

Granted

 

 

3,332,879

 

 

 

9.56

 

Forfeited

 

 

(15,723

)

 

 

9.53

 

Outstanding as of June 30, 2022

 

 

4,163,953

 

 

$

9.23

 

Summary of Total Equity-based Compensation Expense

The following table summarizes the total equity-based compensation expense included in the Condensed Consolidated Statements of Operations:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Platform operations

 

$

618

 

 

$

 

 

$

880

 

 

$

 

Sales and marketing

 

 

1,275

 

 

 

 

 

 

1,853

 

 

 

 

Technology and development

 

 

642

 

 

 

 

 

 

1,024

 

 

 

 

General and administrative

 

 

1,321

 

 

 

108

 

 

 

2,087

 

 

 

272

 

Total equity-based compensation expense

 

$

3,856

 

 

$

108

 

 

$

5,844

 

 

$

272