Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the stock option activity for the three months ended March 31, 2022 (in thousands, except per share data):

	Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Balance - December 31, 2021		22,315,171		$	8.52
Granted		43,986			18.19
Exercised		(857,647	)		6.54			$	10,815
Forfeited		(315,203	)		9.21
Balance - March 31, 2022		21,186,307		$	8.61		7.83	$	263,024
Options vested - March 31, 2022		9,273,109		$	5.62			$	142,661

Summary of RSU Activity

The summary of RSU activity is as follows (in thousands, except per share data):

	Units Activity			Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value
Unvested units as of December 31, 2021		6,070,668		$	—
Granted		941,191			21.17
Released		—			—
Cancelled		(157,523	)		—
Unvested units as of March 31, 2022		6,854,336				$	143,941

Schedule of Assumptions Used to Calculate Fair Value of Options Granted

The following assumptions were used to calculate the fair value of options granted to employees on the date of grant using the Black-Scholes option-pricing model:

	Three Months Ended March 31,
	2022			2021
Weighted-average grant date fair value per option	$	7.74		$	4.74
Fair value of units/ shares	$17.72 - $18.68			$	12.40
Expected term (in years)		5.50		6.00 - 6.25
Expected volatility		44	%		40	%
Risk-free interest rates	1.8 - 2.0%			0.6-1.1%