Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

A summary of the Class P Unit activity for the periods presented is as follows:


						Number of Units
Outstanding Class A-3 and Class B Units, December 31, 2018						245,371
Granted						25,990
Cancellations						(7,284)
Outstanding Class A-3 and Class B Units, December 31, 2019						264,077
Granted						14,250
Repurchase						(1,900)
Cancellations						(1,611)
Outstanding Class A-3 and Class B Units, December 31, 2020						274,816
Repurchases						(8,279)
Cancellations						(4,288)
Outstanding Class A-3 and Class B Units, June 15, 2021 (Pre-Business Combination)						262,249
Class A-3 Units outstanding exchanged for Class A Units in connection with the Business Combination						(53,333)
Recapitalization in connection with the Business Combination						25,687,126
Outstanding Class P Units, June 16, 2021						25,896,042
Cancellations						(235,513)
Outstanding Class P Units, December 31, 2021						25,660,529
Vested, December 31, 2021						23,685,659

Schedule of Restricted Stock Units Activity

A summary of the restricted stock unit (“RSU”) activity for the year ended December 31, 2021 is as follows:


	Number of RSUs	Weighted-average Grant Date Fair Value
Non-vested at December 31, 2020	—	$	—
Granted	6,581,369	$	10.96
Vested	(568,826)	$	10.59
Forfeited	(182,662)	$	13.70
Non-vested at December 31, 2021	5,829,881	$	10.91

Schedule of Performance Shares Activity

A summary of the PSU activity for the year ended December 31, 2021 is as follows:


	Number of PSUs	Weighted-average Grant Date Fair Value
Non-vested at December 31, 2020	—	$	—
Granted	2,437,500	$	6.40
Vested	—	$	—
Forfeited	—	$	—
Non-vested at December 31, 2021	2,437,500	$	6.40

Schedule of Stock-based Payment Arrangement

The Company recorded stock-based compensation cost related to the Class P Units, RSUs and PSUs in the following expense categories on the accompanying consolidated statements of operations (in thousands):


	Year Ended December 31, 2021
Sales and marketing	$	6,021
Product development	5,103
General and administrative	18,200
Total stock-based compensation expense	29,324
Amount capitalized to software development	1,099
Total stock-based compensation cost	$	30,423