XML 210 R62.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Stock-based Compensation (FY) (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]    
Schedule of Class P Unit Activities
A summary of the Class P Unit activity for the six months ended June 30, 2024 is as follows:

 
 ​ ​
Number of Units
Outstanding Class P Units, December 31, 2023
 ​ ​
14,804,507
Cancellations
 ​ ​
—
Exchanged for Class A Common Stock
 ​ ​
(125,000)
Outstanding, Class P Units, June 30, 2024
 ​ ​
14,679,507
Vested, June 30, 2024
 ​ ​
14,639,221
A summary of the Class P Unit activity for the periods presented is as follows:

 
 ​ ​
Number of Units
Outstanding Class P Units, December 31, 2022
 ​ ​
15,125,429
Cancellations
 ​ ​
(75,922)
Exchanged for Class A Common Stock
 ​ ​
(245,000)
Outstanding Class P Units, December 31, 2023
 ​ ​
14,804,507
Vested, December 31, 2023
 ​ ​
14,723,936
Schedule of Restricted Stock Units Activity
A summary of the restricted stock unit (“RSU”) activity for the six months ended June 30, 2024 is as follows:

 
 ​ ​
Number of RSUs
 ​ ​
Weighted-average
Grant Date Fair
Value
Non-vested at December 31, 2023
 ​ ​
7,683,598
 ​ ​
$2.96
Granted
 ​ ​
340,195
 ​ ​
$1.12
Vested
 ​ ​
(2,468,762)
 ​ ​
$2.66
Forfeited
 ​ ​
(1,049,381)
 ​ ​
$2.91
Non-vested at June 30, 2024
 ​ ​
4,505,650
 ​ ​
$2.99
A summary of the restricted stock unit (“RSU”) activity for the year ended December 31, 2023 is as follows:

 
 ​ ​
Number of RSUs
 ​ ​
Weighted-average
Grant Date Fair
Value
Non-vested at December 31, 2022
 ​ ​
6,269,868
 ​ ​
$7.07
Granted
 ​ ​
6,634,013
 ​ ​
1.03
Vested
 ​ ​
(2,245,844)
 ​ ​
6.66
Cancelled/Forfeited/Expired
 ​ ​
(2,974,439)
 ​ ​
4.53
Non-vested at December 31, 2023
 ​ ​
7,683,598
 ​ ​
$2.96
Schedule of Performance Shares Activity The fair value is equal to the market price of the Company’s common stock on the date of grant.

 
 ​ ​
Number of PRSUs
 ​ ​
Weighted-average
Grant Date Fair
Value
Non-vested at December 31, 2023
 ​ ​
234,375
 ​ ​
$6.40
Granted
 ​ ​
0
 ​ ​
$—
Vested
 ​ ​
(58,594)
 ​ ​
$6.40
Forfeited
 ​ ​
(175,781)
 ​ ​
$6.40
Non-vested at June 30, 2024
 ​ ​
—
 ​ ​
$—
A summary of the PRSU activity for the year ended December 31, 2023 is as follows:

 
 ​ ​
Number of PRSUs
 ​ ​
Weighted-average
Grant Date Fair
Value
Non-vested at December 31, 2022
 ​ ​
859,375
 ​ ​
6.40
Granted
 ​ ​
—
 ​ ​
—
Vested
 ​ ​
—
 ​ ​
—
Cancelled/Forfeited/Expired
 ​ ​
(625,000)
 ​ ​
6.40
Non-vested at December 31, 2023
 ​ ​
234,375
 ​ ​
6.40
Schedule of Stock-based Payment Arrangement
The Company recorded stock-based compensation cost related to the Class P Units, RSUs and PRSUs in the following expense categories on the accompanying condensed consolidated statements of operations (in thousands):

 
 ​ ​
Three Months Ended June 30,
 ​ ​
Six Months Ended June 30,
 
 ​ ​
2024
 ​ ​
2023
 ​ ​
2024
 ​ ​
2023
Sales and marketing
 ​ ​
$385
 ​ ​
$696
 ​ ​
$765
 ​ ​
$1,593
Product development
 ​ ​
971
 ​ ​
1,114
 ​ ​
1,826
 ​ ​
2,282
General and administrative
 ​ ​
1,396
 ​ ​
1,899
 ​ ​
2,980
 ​ ​
4,217
Total stock-based compensation expense
 ​ ​
2,752
 ​ ​
3,709
 ​ ​
5,571
 ​ ​
8,092
Amount capitalized to software development
 ​ ​
257
 ​ ​
296
 ​ ​
613
 ​ ​
594
Total stock-based compensation cost
 ​ ​
$3,009
 ​ ​
$4,005
 ​ ​
$6,184
 ​ ​
$8,686
The Company recorded stock-based compensation cost related to the Class P Units, RSUs and PRSUs in the following expense categories on the consolidated statements of operations (in thousands):

 
 ​ ​
Years Ended December 31,
 
 ​ ​
2023
 ​ ​
2022
 ​ ​
2021
Sales and marketing
 ​ ​
$2,706
 ​ ​
$6,358
 ​ ​
$6,021
Product development
 ​ ​
4,170
 ​ ​
5,260
 ​ ​
5,103
General and administrative
 ​ ​
6,639
 ​ ​
11,875
 ​ ​
18,200
Total stock-based compensation expense
 ​ ​
13,515
 ​ ​
23,493
 ​ ​
29,324
Amount capitalized to software development
 ​ ​
1,386
 ​ ​
1,667
 ​ ​
1,099
Total stock-based compensation cost
 ​ ​
$14,901
 ​ ​
$25,160
 ​ ​
30,423