Equity Incentive Plans and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation

Total stock-based compensation expense is as follows for the periods indicated (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Operations and support	$	1,307	$	1,333	$	6,588	$	3,305
General and administrative	3,289		4,110		15,422		12,130
Research and development	475		855		3,022		2,441
Sales and marketing	(147)		107		330		263
Total stock-based compensation expense	$	4,924	$	6,405	$	25,362	$	18,139

Schedule of Key Assumptions used to Determine Fair Value of Stock Options

The following table summarizes the key assumptions used to determine the fair value of the Company’s stock options granted to employees, non-employees, officers, and directors:

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Expected term (in years)	6.15 - 6.16		6.07		6.15 - 6.22		4.09 - 6.07
Expected volatility	51.2%		50.0	%	50.4% - 51.2%		50.0% - 55.4%
Dividend yield	—	%	—	%	—	%	—	%
Risk-free interest rate	4.39% - 4.40%		2.89	%	3.50% - 4.40%		1.79% - 2.93%
Weighted-average grant-date fair value per share	$4.00 - $5.41		$17.47 - $25.98		$4.00 - $13.89		$17.47 - $42.60