Annual report [Section 13 and 15(d), not S-K Item 405]

Stock-Based Compensation (Tables)

v3.25.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the year ended December 31, 2024:
Options Weighted
Average
Exercise Price
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Life
(years)
Intrinsic
Value
Outstanding – January 1, 2024 7,217,074  $ 0.19  $ 0.21  3.5
Exercised (2,092,558) 0.19  0.14  $ 7,198 
Forfeited —  —  — 
Outstanding – December 31, 2024
 5,124,516  $ 0.19  $ 0.23  3.0 $ 20,813 
Exercisable as of December 31, 2024
 5,124,516  $ 0.19  $ 0.23  3.0 $ 20,813 
Summary of Restricted Stock Activity

Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – January 1, 2024 5,259,982  $ 4.99 
Granted
8,129,630  3.70 
Vested
 (2,871,614) 4.76 
Forfeited
 (1,231,888) 3.79 
Non-vested – December 31, 2024 (1)
 9,286,110  $ 4.10 
(1) 4,628,569 are PSUs that will vest subject to the achievement of certain financial performance metrics by the Company as discussed above.
Summary of Stock-based Compensation Expense
Stock-based compensation expense for stock options and restricted stock units in the consolidated statements of operations is summarized as follows:
For the Years Ended
2024 2023
Software development
$ 307  $ 739 
General and administrative (1)
 18,627  13,849 
Selling and marketing
 1,061  596
Total stock-based compensation expense (2)
 $ 19,995  $ 15,184 
(1) For the year ended December 31, 2023, includes an expense of $3,022 in connection with the equity-based portion of Trinity’s contingent consideration, offset by a credit of $339 in connection with the settlement of the 2022 equity-based portion of contingent consideration related to the acquisition of Trinity.
(2) Total stock-based compensation expenses for the year ended December 31, 2024 include $102 of accrued expenses.