Stockholders' Equity

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Equity

NOTE 14—Stockholders’ Equity

Share repurchase plan

On August 3, 2022, the Company’s Board of Directors authorized a stock repurchase and withholding program of up to $50,000 in the aggregate for (i) repurchases of the Company’s outstanding Class A common stock through December 31, 2024 (the “2022 SRP”) and (ii) the withholding of shares as an alternative to market sales by certain executives to satisfy tax withholding requirements upon vesting of restricted stock awards (the “RSA Withholding Program").

During the year ended December 31, 2023, the Company repurchased 1,686,076 shares for a value of $15,421, including shares repurchased in conjunction with tax withholdings for the executives. Out of the repurchased amount, $1,978 was settled by the company subsequent to December 31, 2023 and is included in other current liabilities in the consolidated balance sheet. As of December 31, 2023, approximately $24,986 worth of shares remained available for purchase under this discretionary plan.

Conversion of Common Class B to Class A

During the year ended December 31, 2023, 2,717,890 shares of Class B common stock (including restricted shares of Class B that were fully vested during the year ended December 31, 2023) were converted into shares of Class A common stock upon transfer pursuant to the terms of our amended and restated certificate of incorporation.

Issuance of Class A common stock

During the year ended December 31, 2023, the Company issued following Class A common stock for earnout payments related to its certain acquisitions.

	Number of shares issued		Fair value
Acramax		76,627	$	667
Kinetic		26,502		229
Vital		57,515		500
Apptness		450,451		3,666
Total		611,095	$	5,062

On October 11, 2023, the Company issued 40,274 shares of Class A common stock valued at $8.07 per share, for an aggregate value of $325, to certain individuals who provided services to the Company or their designated charitable organizations. The Company did not receive any proceeds from such issuance.