Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

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

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

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	—	$	—

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