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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

Stock option activity for the three months ended March 31, 2024 was as follows:

 

 

Stock Options

 

 

 

Number of Stock Options Outstanding

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Life

 

 

Aggregate Intrinsic Value

 

Balance as of December 31, 2023

 

 

8,175,088

 

 

$

8.64

 

 

 

7.22

 

 

$

31,135

 

Granted

 

 

346,935

 

 

 

12.34

 

 

 

 

 

 

 

Exercised

 

 

(493,608

)

 

 

6.64

 

 

 

 

 

 

 

Cancelled

 

 

(140,551

)

 

 

9.29

 

 

 

 

 

 

 

Balance as of March 31, 2024

 

 

7,887,864

 

 

$

8.92

 

 

 

7.19

 

 

$

33,697

 

Vested and exercisable

 

 

4,882,281

 

 

$

8.53

 

 

 

6.48

 

 

$

22,848

 

Summary of RSU Activity

RSU activity for the three months ended March 31, 2024 was as follows:

 

 

Restricted Stock Units

 

 

 

Number of Restricted Stock Units Outstanding

 

 

Weighted Average Grant Date Fair Value

 

Balance as of December 31, 2023

 

 

8,919,024

 

 

$

8.98

 

Granted

 

 

4,821,233

 

 

 

12.35

 

Released

 

 

(1,737,736

)

 

 

9.04

 

Cancelled

 

 

(286,347

)

 

 

9.24

 

Balance as of March 31, 2024

 

 

11,716,174

 

 

$

10.36

 

 

Schedule of Stock-Based Compensation Expense

Stock-based compensation expense from stock options and RSUs, reduced for actual forfeitures, was included in the following line items in the accompanying consolidated statement of operations:

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

 

Cost of revenues

 

$

1,197

 

 

$

1,017

 

 

Sales and marketing

 

 

1,098

 

 

 

1,135

 

 

Research and development

 

 

3,658

 

 

 

2,219

 

 

General and administrative

 

 

4,813

 

 

 

4,290

 

 

     Total

 

$

10,766

 

 

$

8,661

 

 

Schedule of Employee Stock Purchase Plan Expense Total ESPP expense recorded in the Company's consolidated statements of operations was as follows:

 

 

Three Months Ended March 31,

 

 

 

 

2024

 

 

2023

 

 

ESPP expense

 

$

193

 

 

$

270