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Stockholders’ Equity and Stock Option Plans (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes stock option activity and related information under the Company’s equity incentive plans:
Stock Options
Number of Shares Underlying Outstanding Options
(in thousands)
Weighted-Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 20237,079 $9.02 5.78$67,418 
Options granted1,544 15.46 
Options exercised(298)3.16 
Options canceled(14)1.25 
Outstanding as of March 31, 20248,311 $10.44 6.32$118,987 
Vested and exercisable as of March 31, 20245,543 $7.32 5.01$97,522 
The following table summarizes RSU activity and related information under the Company’s 2020 Plan:
RSUs
Number of Shares
(in thousands)
Weighted-Average Grant Date Fair Value per Share
Unvested as of December 31, 20232,934 $19.49 
Granted2,038 15.95 
Vested(230)20.92 
Canceled or forfeited(118)17.22 
Unvested as of March 31, 20244,624 $17.92 
Share-based Payment Arrangement, Expensed and Capitalized, Amount
Total stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended March 31,
20242023
Cost of revenue$437 $316 
Technology and development1,441 1,008 
Sales and marketing3,238 2,709 
General and administrative3,995 3,026 
Total stock-based compensation expense9,111 7,059 
Tax benefit from stock-based compensation(1,886)(1,318)
Total stock-based compensation expense, net of tax effect$7,225 $5,741