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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

The following table shows the total compensation for our NEOs for the past three fiscal years as set forth in the Summary Compensation Table, the “compensation actually paid” to our CEO, and on an average basis, our other NEOs (in each case, as determined under SEC rules), our TSR, our peer group TSR consisting of the Nasdaq Computer Index, our net income, and our Company-Selected Measure, Adjusted EBITDA.


					Value of Initial Fixed $100
					Investment Based On:
			Average	Average		Peer	Net	Adjusted
Fiscal	SCT	CAP	SCT	CAP		Group	Income (Loss)	EBITDA5
Year	for CEO	to CEO	for Other NEOs	to Other NEOs	TSR	TSR	($ in 000s)	($ in 000s)
(a)	(b)1	(c)2	(d)3	(e)2	(f)4	(g)4	(h)	(i)6
2023	$18,868,639	$32,576,149	$8,019,657	$11,369,482	$99.21	$131.64	($187,481)	$129,393
2022	$20,727,503	$7,337,947	$9,317,813	$5,706,542	$91.90	$79.08	($279,239)	$92,180
2021	$216,454,457	$191,673,896	$30,229,669	$32,002,898	$94.71	$123.13	($249,563)	$63,255

____________________

1 The dollar amounts reported in column (b) are the amounts of total compensation reported for our CEO, Mr. Steinberg, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to the Fiscal Year 2023 Summary Compensation Table in this proxy statement and the Summary Compensation Tables in our Fiscal Year 2021 and 2022 proxy statements.

2 The dollar amounts reported in columns (c) and (e) represent the amount of “compensation actually paid” (otherwise known as CAP), reconciled in the table below, as determined in accordance with SEC rules. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. We do not have a defined benefit plan, so no adjustment for pension benefits is included. Fair values set forth in the table are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of the awards that vest in the covered year, which are valued as of the applicable vesting date. No adjustment is made for dividends because the amount associated with such dividends, if any were paid, are reflected in the fair value of the award for the covered fiscal year. The reconciliation from the Summary Compensation Table to CAP is summarized in the table below.


Fiscal Year	Executives (CEO & NEO Average)	SCT	Grant Date Value of New Awards	Year End Value of New Awards	Change in Value of Prior Awards	Change in Value of Vested Awards Granted in Prior Fiscal Years	Fair Value of Vested Awards Granted and Vested in Current Fiscal Year	Fair Value at Start of Fiscal Year of Awards That Failed to Meet Vesting Conditions	Value of Dividends Paid on Equity Awards not reflected in Fair Value	Total Equity CAP	CAP
		(a)	(b)	(i)	(ii)	(iii)	(iv)	(v)	(vi)	(c)=(i)+(ii)+(iii)+(iv)+(v)+(vi)	(d) =(a)-(b)+(c)
2023	CEO	$18,868,639	$16,361,999	$16,550,511	$10,328,095	$3,190,903	$0	$0	$0	$30,069,509	$32,576,149
2023	Other NEOs	$8,019,657	$6,490,800	$7,087,946	$2,163,375	$589,303	$0	$0	$0	$9,840,625	$11,369,482
2022	CEO	$20,727,503	$18,336,846	$12,676,750	($4,661,189)	($3,068,271)	$0	$0	$0	$4,947,290	$7,337,947
2022	Other NEOs	$9,317,813	$7,930,363	$5,400,880	($738,646)	($343,142)	$0	$0	$0	$4,319,092	$5,706,542
2021	CEO	$216,454,457	$213,985,907	$52,763,911	$131,781,235	$3,771,949	$888,251	$0	$0	$189,205,346	$191,673,896
2021	Other NEOs	$30,229,669	$28,747,819	$3,279,380	$25,416,090	$1,790,949	$34,628	$0	$0	$30,521,048	$32,002,898

____________________

(a)The dollar amounts reported in the Summary Compensation Table for the applicable year.

(b)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(c)The recalculated value of equity awards for each applicable year.

(d)“Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.

3 The dollar amounts reported in column (d) are the average amounts of total compensation reported for the other Named Executive Officers for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to the Summary Compensation Table in this proxy statement. For each of 2021, 2022 and 2023, the other NEOs were: Christopher Greiner and Steven Gerber.

4 TSR is determined based on the value of an initial fixed investment of $100. Per SEC rules, 2021 TSR was calculated using $8.89, the closing price of our stock on the date of our initial public offering, June 10, 2021. The TSR peer group consists of the Nasdaq Computer Index, which is used for our Stock Performance presentation set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

5 Adjusted EBITDA is a non-GAAP financial measure. See Appendix A for a reconciliation of Adjusted EBITDA to Net Income and for a discussion of management’s use of non-GAAP measures.

6 We determined Adjusted EBITDA to be the most important financial performance measure used to link Company performance to the CAP to our CEO and Other NEOs in 2023, consistent with the targets used for our incentive programs. See “Compensation Discussion and Analysis” for additional information.

Company Selected Measure Name

Adjusted EBITDA

Named Executive Officers, Footnote

The dollar amounts reported in column (b) are the amounts of total compensation reported for our CEO, Mr. Steinberg, for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to the Fiscal Year 2023 Summary Compensation Table in this proxy statement and the Summary Compensation Tables in our Fiscal Year 2021 and 2022 proxy statements.

Peer Group Issuers, Footnote

TSR is determined based on the value of an initial fixed investment of $100. Per SEC rules, 2021 TSR was calculated using $8.89, the closing price of our stock on the date of our initial public offering, June 10, 2021. The TSR peer group consists of the Nasdaq Computer Index, which is used for our Stock Performance presentation set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

PEO Total Compensation Amount

$ 18,868,639

$ 20,727,503

$ 216,454,457

PEO Actually Paid Compensation Amount

$ 32,576,149

7,337,947

191,673,896

Adjustment To PEO Compensation, Footnote

The dollar amounts reported in columns (c) and (e) represent the amount of “compensation actually paid” (otherwise known as CAP), reconciled in the table below, as determined in accordance with SEC rules. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules. We do not have a defined benefit plan, so no adjustment for pension benefits is included. Fair values set forth in the table are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of the awards that vest in the covered year, which are valued as of the applicable vesting date. No adjustment is made for dividends because the amount associated with such dividends, if any were paid, are reflected in the fair value of the award for the covered fiscal year. The reconciliation from the Summary Compensation Table to CAP is summarized in the table below.

Non-PEO NEO Average Total Compensation Amount

$ 8,019,657

9,317,813

30,229,669

Non-PEO NEO Average Compensation Actually Paid Amount

$ 11,369,482

5,706,542

32,002,898

Adjustment to Non-PEO NEO Compensation Footnote


Fiscal Year	Executives (CEO & NEO Average)	SCT	Grant Date Value of New Awards	Year End Value of New Awards	Change in Value of Prior Awards	Change in Value of Vested Awards Granted in Prior Fiscal Years	Fair Value of Vested Awards Granted and Vested in Current Fiscal Year	Fair Value at Start of Fiscal Year of Awards That Failed to Meet Vesting Conditions	Value of Dividends Paid on Equity Awards not reflected in Fair Value	Total Equity CAP	CAP
		(a)	(b)	(i)	(ii)	(iii)	(iv)	(v)	(vi)	(c)=(i)+(ii)+(iii)+(iv)+(v)+(vi)	(d) =(a)-(b)+(c)
2023	CEO	$18,868,639	$16,361,999	$16,550,511	$10,328,095	$3,190,903	$0	$0	$0	$30,069,509	$32,576,149
2023	Other NEOs	$8,019,657	$6,490,800	$7,087,946	$2,163,375	$589,303	$0	$0	$0	$9,840,625	$11,369,482
2022	CEO	$20,727,503	$18,336,846	$12,676,750	($4,661,189)	($3,068,271)	$0	$0	$0	$4,947,290	$7,337,947
2022	Other NEOs	$9,317,813	$7,930,363	$5,400,880	($738,646)	($343,142)	$0	$0	$0	$4,319,092	$5,706,542
2021	CEO	$216,454,457	$213,985,907	$52,763,911	$131,781,235	$3,771,949	$888,251	$0	$0	$189,205,346	$191,673,896
2021	Other NEOs	$30,229,669	$28,747,819	$3,279,380	$25,416,090	$1,790,949	$34,628	$0	$0	$30,521,048	$32,002,898

____________________

(a)The dollar amounts reported in the Summary Compensation Table for the applicable year.

(b)The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

(c)The recalculated value of equity awards for each applicable year.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table


2023 Performance Measures The Compensation Committee uses a mix of performance measures to align executive pay with Company performance. As required by SEC rules, the performance measures identified as the most important for NEOs’ 2023 compensation decisions are listed in the table to the right, each of which is described in more detail in the CD&A.
		Most Important Performance Measures
		Adjusted EBITDA1
		Revenue
		Stock Price

____________________

1 Adjusted EBITDA is a non-GAAP financial measure. See Appendix A for a reconciliation of Adjusted EBITDA to Net Income and for a discussion of management’s use of non-GAAP measures.

Total Shareholder Return Amount

$ 99.21

91.9

94.71

Peer Group Total Shareholder Return Amount

131.64

79.08

123.13

Net Income (Loss)

$ (187,481,000)

$ (279,239,000)

$ (249,563,000)