Stock-Based Compensation

9 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

The stock-based compensation expense under all equity plans and its classification in the unaudited consolidated and combined statements of operations for the three and nine months ended March 31, 2023 and 2022 are as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2023		2022		2023		2022
	(Dollars in Thousands)
Recorded as expenses:
Cost of license and solutions	$	832	$	—	$	2,752	$	—
Cost of maintenance	427		—		1,462		—
Cost of services and other	599		—		1,457		—
Selling and marketing	3,695		—		10,886		—
Research and development	5,972		—		13,831		—
General and administrative	11,318		519		33,632		1,345
Total stock-based compensation	$	22,843	$	519	$	64,020	$	1,345

During the nine month period ended March 31, 2023, the Company granted 187,963 stock options and 191,570 restricted stock units (“RSUs”). The stock options granted had a weighted average exercise price of $207.65 per option and a weighted average fair value of $77.91 per option. The RSUs granted had a weighted average fair value of $207.71 per RSU.