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Stock-Based Compensation (Tables)
12 Months Ended
Sep. 30, 2021
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, 2020

 

 

4,539,403

 

 

$

16.67

 

 

 

 

 

 

 

Granted

 

 

186,000

 

 

65.57

 

 

 

 

 

 

 

Cancelled

 

 

(217,820

)

 

40.12

 

 

 

 

 

 

 

Exercised

 

 

(1,051,344

)

 

10.75

 

 

 

 

 

 

 

Balance At September 30, 2021

 

 

3,456,239

 

 

$

19.60

 

 

5.56

 

$

149,501,055

 

Exercisable At September 30, 2021

 

 

2,510,091

 

 

$

12.23

 

 

4.58

 

$

126,302,948

 

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Years ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Dividend yield

 

 

-

 

 

 

-

 

 

 

-

 

Risk-free interest rate

 

0.4 – 1.1%

 

 

0.4 – 1.8%

 

 

1.50 – 3.1%

 

Volatility

 

86.2 – 90.4%

 

 

90.0 – 92.0%

 

 

115%

 

Expected life (in years)

 

 

6.25

 

 

 

6.25

 

 

 

6.25

 

Weighted average grant date fair value per share of

   options granted

 

$

48.64

 

 

$

36.35

 

 

$

13.80

 

 

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, 2020

 

 

3,524,025

 

 

$

44.11

 

Granted

 

 

1,672,350

 

 

 

76.34

 

Vested

 

 

(899,025

)

 

 

30.65

 

Forfeited

 

 

(465,500

)

 

 

44.91

 

Unvested at September 30, 2021

 

 

3,831,850

 

 

$

61.24