XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.3
Equity Incentive and Other Plans (Tables)
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Stock option activity under the 2021 Plan for the nine months ended September 30, 2023 was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2023

 

 

5

 

 

$

39.52

 

 

$

—

 

 

9.61

 

Forfeited or expired

 

 

—

 

 

 

32.08

 

 

 

 

 

 

 

Outstanding at March 31, 2023

 

 

5

 

 

$

39.55

 

 

$

—

 

 

 

9.38

 

Forfeited or expired

 

 

—

 

 

 

38.31

 

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

5

 

 

$

39.56

 

 

$

—

 

 

 

9.14

 

Forfeited or expired

 

 

—

 

 

 

16.26

 

 

 

 

 

 

 

Outstanding at September 30, 2023

 

 

5

 

 

$

39.58

 

 

$

—

 

 

 

8.88

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

2

 

 

$

39.56

 

 

$

—

 

 

 

8.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock option activity under the 2018 Plan for the periods presented was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Exercise Price

 

 

Aggregate
Intrinsic Value

 

 

Weighted Average
Remaining Contractual
Term (in years)

 

Outstanding at January 1, 2023

 

 

172

 

 

$

32.06

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

8.00

 

 

 

 

 

 

 

Forfeited or expired

 

 

(22

)

 

 

27.97

 

 

 

 

 

 

 

Outstanding at March 31, 2023

 

 

150

 

 

 

32.68

 

 

 

 

 

 

 

Forfeited or expired

 

 

(26

)

 

 

25.50

 

 

 

 

 

 

 

Outstanding at June 30, 2023

 

 

124

 

 

 

34.17

 

 

 

 

 

 

 

Forfeited or expired

 

 

(7

)

 

 

31.57

 

 

 

 

 

 

 

Outstanding at September 30, 2023 1

 

 

117

 

 

$

34.29

 

 

$

8

 

 

 

4.90

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable

 

 

53

 

 

$

26.91

 

 

$

8

 

 

 

5.98

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.
Includes 64 and 53 awards accounted for as service-based and market-based options, respectively, that are vested, that the Company currently deems probable of vesting, or in the case of market-based options, that the Company is expensing so long as the respective service conditions are met. The market-based options will vest only if the price of the Company's common stock reaches a $1 billion market capitalization target for any 20 days during a 30-day period on or before February 4, 2026.
Schedule of Restricted Stock Unit Activity

RSU and PSU activity under the 2021 Plan for the nine months ended September 30, 2023 was as follows:

 

 

Number of
Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

Total Fair Value

 

Unvested at January 1, 2023

 

 

103

 

 

$

25.92

 

 

 

 

Granted

 

 

32

 

 

 

9.65

 

 

$

305

 

Vested

 

 

(18

)

 

 

18.79

 

 

$

188

 

Forfeited

 

 

(24

)

 

 

20.07

 

 

 

 

Unvested at March 31, 2023

 

 

93

 

 

 

17.81

 

 

 

 

Vested

 

 

(26

)

 

 

11.88

 

 

$

199

 

Forfeited

 

 

(17

)

 

 

18.61

 

 

 

 

Unvested at June 30, 2023

 

 

50

 

 

 

20.69

 

 

 

 

Granted

 

 

181

 

 

 

6.20

 

 

$

1,128

 

Vested

 

 

(48

)

 

 

7.52

 

 

$

323

 

Forfeited

 

 

(1

)

 

 

9.18

 

 

 

 

Unvested at September 30, 2023

 

 

182

 

 

$

9.77

 

 

 

 

 

 
Schedule of Stock-Based Compensation Expense

The following table presents the classification of stock-based compensation expense under the 2021 Plan, the 2018 Plan and the ESPP:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

$

94

 

 

$

77

 

 

$

230

 

 

$

137

 

Product development

 

141

 

 

 

86

 

 

 

347

 

 

 

123

 

General and administrative

 

762

 

 

 

608

 

 

 

1,658

 

 

 

2,899

 

 

$

997

 

 

$

771

 

 

$

2,235

 

 

$

3,159

 

 

 

 

 

 

 

 

 

 

 

 

 
Summary of Defined Contribution Retirement (401k) Plan

The Company recognized expense from matching contributions to the Company-sponsored defined contribution retirement (401k) plan as follows for the periods presented:

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

401(k) matching contributions

$

134

 

 

$

225

 

 

$

520

 

 

$

684