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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 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

 

 

951,500

 

 

48.19

 

 

 

 

 

 

 

Cancelled

 

 

(74,639

)

 

22.38

 

 

 

 

 

 

 

Exercised

 

 

(1,111,128

)

 

6.72

 

 

 

 

 

 

 

Balance At September 30, 2020

 

 

4,539,403

 

 

$

16.67

 

 

6.2 years

 

$

129,100,277

 

Exercisable At September 30, 2020

 

 

2,924,744

 

 

$

8.30

 

 

4.8 years

 

$

102,698,309

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Years ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Dividend yield

 

 

-

 

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.4 – 1.8%

 

 

1.50-3.11%

 

 

2.05-2.99%

 

Volatility

 

90-92%

 

 

 

115

%

 

 

110

%

Expected life (in years)

 

 

6.25

 

 

 

6.25

 

 

 

6.25

 

Weighted average grant date fair value per share of options granted

 

$

36.35

 

 

$

13.80

 

 

$

5.04

 

 

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

 

 

2,687,096

 

 

 

55.59

 

Vested

 

 

(1,158,904

)

 

 

9.71

 

Forfeited

 

 

(67,000

)

 

 

31.78

 

Unvested at September 30, 2020

 

 

3,524,025

 

 

$

44.11