Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.24.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the nine months ended September 30, 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 (690,463) 0.18  0.20 
Forfeited —  —  — 
Outstanding – September 30, 2024
 6,526,611  $ 0.19  $ 0.21  2.7 $ 17,956 
Exercisable as of September 30, 2024
 6,526,611  $ 0.19  $ 0.21  2.7 $ 17,956 
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
7,947,254  3.70 
Vested
 (2,167,937) 4.82 
Forfeited
 (926,934) 3.72 
Non-vested – September 30, 2024 (1)
 10,112,365  $ 4.13 
(1) 4,821,426 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 unaudited interim condensed consolidated statements of operations is summarized as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
2024 2023 2024 2023
Software development
$ 118  $ 147  $ 199  $ 608 
General and administrative (1)
 5,089  2,903  14,406  7,915 
Selling and marketing
 138  280 829  486
Total stock-based compensation expense (2)
 $ 5,345  $ 3,330  $ 15,434  $ 9,009 
(1) For the nine months ended September 30, 2023, the Company included a credit of $339 in connection with the settlement of the equity-based portion of contingent consideration related to the acquisition of Trinity that was paid in the first quarter of 2023 in respect of 2022 results.
(2) Total stock-based compensation expenses for the three and nine months ended September 30, 2024 include ($57) and $67 accrued expenses, respectively.