Stockholders' Equity |
12 Months Ended |
---|---|
Dec. 31, 2022 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity | NOTE 14—Stockholders’ Equity Share repurchase plan On August 3, 2022, the Company’s Board of Directors authorized a stock repurchase and withholding program of up to $50,000 in the aggregate for (i) repurchases of the Company’s outstanding Class A common stock through December 31, 2024 (the “2022 SRP”) and (ii) the withholding of shares as an alternative to market sales by certain executives to satisfy tax withholding requirements upon vesting of restricted stock awards (the “RSA Withholding Program"). During the year ended December 31, 2022, the Company repurchased 1,209,015 shares for a value of $9,607, including shares repurchased in conjunction with tax withholdings for the executives. As of December 31, 2022, approximately $40,392 worth of shares remained available for purchase under this discretionary plan. Conversion of Common Class B to Class A During the year ended December 31, 2022, 5,756,793 shares of Class B common stock were converted into shares of Class A common stock upon transfer pursuant to the terms of our amended and restated certificate of incorporation. Issuance of Class A common stock During the year ended December 31, 2022, the Company issued 926,785 shares of Class A common stock valued at $10,000 for the ArcaMax acquisition, 554,716 shares of Class of common stock valued at $3,667 for the earnout payments related to its Apptness acquisition and 12,931 shares of Class A common stock valued at $103 for the earnout payments related to its Kinetic acquisition. During the year ended December 31, 2022, the Company also issued 571,401 shares of Class A common stock valued at $5,235 pursuant to certain agreements. Out of these, certain shares had a stock price downward protection right accordingly, this right was accounted as a derivative liability, which was settled for $410 and accordingly included in the change in fair value of warrants and derivative liabilities in the consolidated statements of operations and comprehensive loss. |