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Stock-Based Compensation (Tables)
9 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summarized Information about Stock Options

The following table summarizes information about stock options:

 

 

 

Number of

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

Per Share

 

 

Weighted-

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

 

Balance At September 30, 2019

 

 

4,773,670

 

 

$

8.16

 

 

 

 

 

 

 

Granted

 

 

787,500

 

 

50.42

 

 

 

 

 

 

 

Cancelled

 

 

(42,409

)

 

25.04

 

 

 

 

 

 

 

Exercised

 

 

(989,197

)

 

6.54

 

 

 

 

 

 

 

Balance At June 30, 2020

 

 

4,529,564

 

 

$

15.71

 

 

6.2 years

 

$

133,654,814

 

Exercisable At June 30, 2020

 

 

2,928,765

 

 

$

7.66

 

 

4.8 years

 

$

104,700,213

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Nine Months Ended June 30,

 

 

2020

 

 

2019

Dividend yield

 

 

 

Risk-free interest rate

 

0.4 – 1.8%

 

 

1.9 – 3.1%

Volatility

 

90.5 – 91.9%

 

 

115%

Expected life (in years)

 

6.25

 

 

6.25

Weighted average grant date fair value per share of options granted

 

$38.12

 

 

$12.21

Summary of Share Activity Related to RSUs

The following table summarizes the activity of the Company’s RSUs:

 

 

 

Number of

RSUs

 

 

Weighted-

Average

Grant

Date

Fair Value

 

Unvested at September 30, 2019

 

 

2,062,833

 

 

$

9.43

 

Granted

 

 

2,486,646

 

 

 

57.04

 

Vested

 

 

(1,155,404

)

 

 

9.65

 

Forfeited

 

 

(67,000

)

 

 

31.78

 

Unvested at June 30, 2020

 

 

3,327,075

 

 

$

44.49