Share Options—Granted share options expire at the earlier of termination of employment or ten years from the date of grant. Share options generally vest over four years of the employment commencement date or with 25% vesting on the twelve-month anniversary of the employment commencement date, and the remaining on a pro-rata basis each quarter over the next three years. Any options, which are forfeited or not exercised before expiration, become available for future grants.

The following table summarized the Company’s share option activity during the six months ended June 30, 2024:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)
















Balance, December 31, 2023	4,250,988	$	7.2	7.2	$	43,940
Granted	—	—
Exercised	(269,644)	2.7
Forfeited	(141,172)	14.2
Balance, June 30, 2024	3,840,172	$	7.1	6.7	$	20,515
Vested and exercisable, June 30, 2024	3,224,405	$	5.3	6.5	$	22,835

There was no grant of share options during the six months ended June 30, 2024. The aggregate intrinsic value of options exercised was approximately $2.6 million and $4.7 million for the six months ended June 30, 2024 and 2023, respectively. The total fair value of share options vested for the six months ended June 30, 2024 and 2023, was $62.6 million and $58.9 million, respectively.

As of June 30, 2024, unrecognized compensation expense related to unvested share options was approximately $31.7 million, which is expected to be recognized over a remaining weighted-average period of 0.9 years.

Restricted Stock Units (RSUs)—RSUs generally vest over two years of the employment commencement date with 50% vesting on the twelve-month anniversary of the employment commencement date, and the remaining on a pro-rata basis each quarter over the remaining twelve months. RSUs granted are forfeited at termination of employment. Any RSUs, which are forfeited or not exercised before expiration, become available for future grants.

The following table summarized the Company’s RSU activity during the six months ended June 30, 2024:


	Number of RSUs	Weighted Average Grant Date Fair Value Per Share








Unvested at December 31,2023	3,034,203	$	15.6
Granted	2,570,103	10.7
Vested	(1,481,470)	13.5
Forfeited	(368,134)	17.9
Unvested at June 30, 2024	3,754,702	$	12.8

As of June 30, 2024, unrecognized compensation expense related to RSUs was approximately $41.7 million, which is expected to be recognized over a remaining weighted-average period of 1.2 years.

Options to Restricted Shares—Options to restricted shares were granted to certain employees and directors during 2021. See Note 16 to the consolidated financial statements included in the Annual Report on Form 10-K for additional information.

The following table summarized the Company’s options to restricted shares activity during the six months ended June 30, 2024:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (000’s)












Balance, December 31, 2023	20,046,080	$	19.4	7.2	$	—
Granted	—	—
Exercised	(3,274)	12.2
Forfeited	(17,396)	32.8
Balance, June 30, 2024	20,025,410	$	19.4	6.7	$	—
Vested and exercisable, June 30, 2024	16,552,883	$	19.2	6.7	$	—

At June 30, 2024, unrecognized compensation expense related to options to restricted shares was approximately $15.8 million, which is expected to be recognized over a remaining weighted-average period of 1.3 years.

Employee Stock Purchase Plan—The Employee Stock Purchase Plan (“ESPP”) allows eligible employees to purchase shares of our Class A Ordinary Shares at a discounted price, normally through payroll deductions, subject to the terms of the ESPP and applicable law. As of June 30, 2024, 0.9 million shares of our Class A Ordinary Shares were reserved for issuance under the ESPP. Compensation expense related to the ESPP was $0.3 million for six months ended June 30, 2024.

The following table presents the components and classification of share-based compensation for the three and six months ended June 30, 2024 and 2023 (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Technology, data and product development	$	3,069	$	2,990	$	5,974	$	5,448
Selling and marketing	3,867		4,756		6,719		7,510
General and administrative	11,108		12,462		20,826		23,617
Total	$	18,044	$	20,208	$	33,519	$	36,575