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Stock-Based Compensation (Tables)
6 Months Ended
Mar. 31, 2022
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, 2021

 

 

3,456,239

 

 

$

19.60

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

 

 

 

 

Cancelled

 

 

(61,820

)

 

44.77

 

 

 

 

 

 

 

Exercised

 

 

(444,764

)

 

8.28

 

 

 

 

 

 

 

Balance at March 31, 2022

 

 

2,949,655

 

 

$

20.78

 

 

5.4 years

 

$

83,259,543

 

Exercisable at March 31, 2022

 

 

2,342,356

 

 

$

15.41

 

 

4.8 years

 

$

75,982,912

 

Assumptions Used to Value Stock Options

The assumptions used to value stock options are as follows:

 

 

 

Six Months Ended March 31,

 

 

 

 

2022

 

2021

 

 

Dividend yield

 

N/A

 

 

-

 

 

Risk-free interest rate

 

N/A

 

0.4 – 0.6%

 

 

Volatility

 

N/A

 

86.6 – 90.4%

 

 

Expected life (in years)

 

N/A

 

 

6.25

 

 

Weighted average grant date fair value per share of options granted

 

N/A

 

$

48.62

 

 

 

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

Per Share

 

Unvested at September 30, 2021

 

 

3,831,850

 

 

$

61.24

 

Granted

 

 

1,605,450

 

 

 

56.73

 

Vested

 

 

(931,063

)

 

 

49.25

 

Forfeited

 

 

(37,625

)

 

 

63.42

 

Unvested at March 31, 2022

 

 

4,468,612

 

 

$

62.10