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Share-based compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangements [Abstract] |
Schedule of Other Equity Instruments | A summary of activity under the plans as of December 31, 2022, December 31, 2021, and changes during the years ending on those dates, is presented below:
Program |  | LTPP 2018 |  | LTIP 2018
|  | Number of options |  | Weighted average exercise price US$ |  | Number of options |  | Weighted average exercise price US$
Awards outstanding at January 1, 2021 |  | 4,026,250 |  |  | 0.10 |  |  | 5,571,250 |  |  | 0.60 |
Awards granted |  | — |  |  | n/a |  | 2,373,750 |  |  | 0.86 |
Awards forfeited |  | — |  |  | n/a |  | — |  |  | n/a
Awards exercised |  | (2,000,000) |  |  | 0.09 |  |  | (7,080,000) |  |  | 0.11 |
Awards outstanding at December 31, 2021 |  | 2,026,250 |  |  | 0.04 |  |  | 865,000 |  |  | 3.26 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 1,483,750 |  |  | 0.01 |  |  | 865,000 |  |  | 3.26 |
Awards outstanding at January 1, 2022 |  | 2,026,250 |  |  | 0.04 |  |  | 865,000 |  |  | 3.26 |
Awards granted |  | — |  |  | n/a |  | — |  |  | n/a
Awards forfeited |  | (31,250) |  |  | 0.11 |  |  | — |  |  | n/a
Awards exercised |  | (746,250) |  |  | 0.03 |  |  | (505,000) |  |  | 2.32 |
Awards outstanding at December 31, 2022 |  | 1,248,750 |  |  | 0.04 |  |  | 360,000 |  |  | 4.59 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 1,038,750 |  |  | 0.03 |  |  | 360,000 |  |  | 4.59 |
Program |  | LTIP 2020 Class A shares |  | LTIP 2020 Class B shares
|  | Number of options |  | Weighted average exercise price US$ |  | Number of options |  | Weighted average exercise price US$
Awards outstanding at January 1, 2021 |  | — |  |  | n/a |  | — |  |  | n/a
Awards granted |  | 5,757,296 |  |  | 8.05 |  |  | 10,552,670 |  |  | 0.77 |
Awards forfeited |  | (10,000) |  |  | 7.78 |  |  | — |  |  | n/a
Awards exercised |  | (59,485) |  |  | 9.14 |  |  | — |  |  | n/a
Awards outstanding at December 31, 2021 |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
Awards outstanding at January 1, 2022 |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
Awards granted |  | 2,694,843 |  |  | 8.28 |  |  | 5,259,830 |  |  | 0.77 |
Awards forfeited |  | (2,500) |  |  | 7.73 |  |  | — |  |  | n/a
Awards exercised |  | (3,440,590) |  |  | 7.87 |  |  | — |  |  | n/a
Awards outstanding at December 31, 2022 |  | 4,939,564 |  |  | 8.28 |  |  | 15,812,500 |  |  | 0.77 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 4,939,564 |  |  | 8.28 |  |  | 15,812,500 |  |  | 0.77 |
Program |  |  |  | OEPP 2018 |  | BoD 2019 |  | SLIA 2019
Awards outstanding at January 1, 2021 |  |  |  | 1,225,000 |  |  | 25,326 |  |  | 4,700,000 |
Awards granted |  |  |  | — |  |  | 16,833 |  |  | — |
Awards forfeited |  |  |  | (22,500) |  |  | — |  |  | — |
Awards exercised |  |  |  | (1,072,500) |  |  | (25,326) |  |  | — |
Awards outstanding at December 31, 2021 |  |  |  | 130,000 |  |  | 16,833 |  |  | 4,700,000 |
with maximum term (years) |  |  |  | — |  |  | — |  |  | 5 |
thereof exercisable |  |  |  | 130,000 |  |  | — |  |  | — |
Awards outstanding at January 1, 2022 |  |  |  | 130,000 |  |  | 16,833 |  |  | 4,700,000 |
Awards granted |  |  |  | — |  |  | 31,612 |  |  | — |
Awards forfeited |  |  |  | — |  |  | — |  |  | — |
Awards exercised |  |  |  | (115,000) |  |  | (48,445) |  |  | — |
Awards outstanding at December 31, 2022 |  |  |  | 15,000 |  |  | — |  |  | 4,700,000 |
with maximum term (years) |  |  |  | — |  |  | — |  |  | 4 |
thereof exercisable |  |  |  | 15,000 |  |  | n/a |  | — |
Program |  | LTIP 2021 RSUs |  | LTIP 2021 PSUs |  | Founders' Plan 2021 |  | Tax Recognition 2022
Awards outstanding at January 1, 2021 |  | — |  |  | — |  |  | — |  |  | — |
Awards granted |  | 285,818 |  |  | — |  |  | 699,648 |  |  | — |
Awards forfeited |  | — |  |  | — |  |  | — |  |  | — |
Awards exercised |  | (284,230) |  |  | — |  |  | (576,320) |  |  | — |
Awards outstanding at December 31, 2021 |  | 1,588 |  |  | — |  |  | 123,328 |  |  | — |
with maximum term (years) |  | — |  |  | — |  |  | — |  |  | — |
thereof exercisable |  | 712 |  |  | — |  |  | 123,328 |  |  | — |
Awards outstanding at January 1, 2022 |  | 1,588 |  |  | — |  |  | 123,328 |  |  | — |
Awards granted |  | 116,551 |  |  | 37,808 |  |  | — |  |  | 127,297 |
Awards forfeited |  | (507) |  |  | — |  |  | — |  |  | — |
Awards exercised |  | (110,467) |  |  | — |  |  | (69,997) |  |  | (127,297) |
Awards outstanding at December 31, 2022 |  | 7,165 |  |  | 37,808 |  |  | 53,331 |  |  | — |
with maximum term (years) |  | — |  |  | — |  |  | — |  |  | — |
thereof exercisable |  | — |  |  | — |  |  | 53,331 |  |  | n/a
Schedule of Share Options | A summary of activity under the plans as of December 31, 2022, December 31, 2021, and changes during the years ending on those dates, is presented below:
Program |  | LTPP 2018 |  | LTIP 2018
|  | Number of options |  | Weighted average exercise price US$ |  | Number of options |  | Weighted average exercise price US$
Awards outstanding at January 1, 2021 |  | 4,026,250 |  |  | 0.10 |  |  | 5,571,250 |  |  | 0.60 |
Awards granted |  | — |  |  | n/a |  | 2,373,750 |  |  | 0.86 |
Awards forfeited |  | — |  |  | n/a |  | — |  |  | n/a
Awards exercised |  | (2,000,000) |  |  | 0.09 |  |  | (7,080,000) |  |  | 0.11 |
Awards outstanding at December 31, 2021 |  | 2,026,250 |  |  | 0.04 |  |  | 865,000 |  |  | 3.26 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 1,483,750 |  |  | 0.01 |  |  | 865,000 |  |  | 3.26 |
Awards outstanding at January 1, 2022 |  | 2,026,250 |  |  | 0.04 |  |  | 865,000 |  |  | 3.26 |
Awards granted |  | — |  |  | n/a |  | — |  |  | n/a
Awards forfeited |  | (31,250) |  |  | 0.11 |  |  | — |  |  | n/a
Awards exercised |  | (746,250) |  |  | 0.03 |  |  | (505,000) |  |  | 2.32 |
Awards outstanding at December 31, 2022 |  | 1,248,750 |  |  | 0.04 |  |  | 360,000 |  |  | 4.59 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 1,038,750 |  |  | 0.03 |  |  | 360,000 |  |  | 4.59 |
Program |  | LTIP 2020 Class A shares |  | LTIP 2020 Class B shares
|  | Number of options |  | Weighted average exercise price US$ |  | Number of options |  | Weighted average exercise price US$
Awards outstanding at January 1, 2021 |  | — |  |  | n/a |  | — |  |  | n/a
Awards granted |  | 5,757,296 |  |  | 8.05 |  |  | 10,552,670 |  |  | 0.77 |
Awards forfeited |  | (10,000) |  |  | 7.78 |  |  | — |  |  | n/a
Awards exercised |  | (59,485) |  |  | 9.14 |  |  | — |  |  | n/a
Awards outstanding at December 31, 2021 |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
Awards outstanding at January 1, 2022 |  | 5,687,811 |  |  | 8.04 |  |  | 10,552,670 |  |  | 0.77 |
Awards granted |  | 2,694,843 |  |  | 8.28 |  |  | 5,259,830 |  |  | 0.77 |
Awards forfeited |  | (2,500) |  |  | 7.73 |  |  | — |  |  | n/a
Awards exercised |  | (3,440,590) |  |  | 7.87 |  |  | — |  |  | n/a
Awards outstanding at December 31, 2022 |  | 4,939,564 |  |  | 8.28 |  |  | 15,812,500 |  |  | 0.77 |
with maximum term (years) |  | — |  |  | n/a |  | — |  |  | n/a
thereof exercisable |  | 4,939,564 |  |  | 8.28 |  |  | 15,812,500 |  |  | 0.77 |
Program |  |  |  | OEPP 2018 |  | BoD 2019 |  | SLIA 2019
Awards outstanding at January 1, 2021 |  |  |  | 1,225,000 |  |  | 25,326 |  |  | 4,700,000 |
Awards granted |  |  |  | — |  |  | 16,833 |  |  | — |
Awards forfeited |  |  |  | (22,500) |  |  | — |  |  | — |
Awards exercised |  |  |  | (1,072,500) |  |  | (25,326) |  |  | — |
Awards outstanding at December 31, 2021 |  |  |  | 130,000 |  |  | 16,833 |  |  | 4,700,000 |
with maximum term (years) |  |  |  | — |  |  | — |  |  | 5 |
thereof exercisable |  |  |  | 130,000 |  |  | — |  |  | — |
Awards outstanding at January 1, 2022 |  |  |  | 130,000 |  |  | 16,833 |  |  | 4,700,000 |
Awards granted |  |  |  | — |  |  | 31,612 |  |  | — |
Awards forfeited |  |  |  | — |  |  | — |  |  | — |
Awards exercised |  |  |  | (115,000) |  |  | (48,445) |  |  | — |
Awards outstanding at December 31, 2022 |  |  |  | 15,000 |  |  | — |  |  | 4,700,000 |
with maximum term (years) |  |  |  | — |  |  | — |  |  | 4 |
thereof exercisable |  |  |  | 15,000 |  |  | n/a |  | — |
Program |  | LTIP 2021 RSUs |  | LTIP 2021 PSUs |  | Founders' Plan 2021 |  | Tax Recognition 2022
Awards outstanding at January 1, 2021 |  | — |  |  | — |  |  | — |  |  | — |
Awards granted |  | 285,818 |  |  | — |  |  | 699,648 |  |  | — |
Awards forfeited |  | — |  |  | — |  |  | — |  |  | — |
Awards exercised |  | (284,230) |  |  | — |  |  | (576,320) |  |  | — |
Awards outstanding at December 31, 2021 |  | 1,588 |  |  | — |  |  | 123,328 |  |  | — |
with maximum term (years) |  | — |  |  | — |  |  | — |  |  | — |
thereof exercisable |  | 712 |  |  | — |  |  | 123,328 |  |  | — |
Awards outstanding at January 1, 2022 |  | 1,588 |  |  | — |  |  | 123,328 |  |  | — |
Awards granted |  | 116,551 |  |  | 37,808 |  |  | — |  |  | 127,297 |
Awards forfeited |  | (507) |  |  | — |  |  | — |  |  | — |
Awards exercised |  | (110,467) |  |  | — |  |  | (69,997) |  |  | (127,297) |
Awards outstanding at December 31, 2022 |  | 7,165 |  |  | 37,808 |  |  | 53,331 |  |  | — |
with maximum term (years) |  | — |  |  | — |  |  | — |  |  | — |
thereof exercisable |  | — |  |  | — |  |  | 53,331 |  |  | n/a
Valuation Inputs, Other Equity Instruments | Parameters taken into account in the valuation:
LTIP 2018 |  | 2/28/2021 |  | 2/28/2021
Grant date |  | Class A options (non-US) |  | Class A options (US)
Share price on the measurement date (CHF) |  | 7.30 |  |  | 7.30 |
Expected life of the award on the grant date (years) |  | 5.0 |  |  | 5.0 |
Contractual life remaining (years) |  | 3.2 years |  | 3.2 years
Exercise price (CHF) |  | 0.10 |  |  | 7.30 |
Expected dividend yield (%) |  | — |  |  | — |
Risk-free interest rate (%) |  | (0.60) |  |  | (0.60) |
Expected volatility of the share price (%) |  | 40.73 |  |  | 40.73 |
Option value (CHF) |  | 7.29 |  |  | 2.49 |
LTIP 2020 |  | 12/6/2022 |  | 12/6/2022 |  |  |
Grant date |  | Class A options |  | Class B options |  |  |
Share price on the measurement date (CHF) |  | 16.83 |  |  | 1.68 |  |  |  |
Expected life of the award on the grant date (years) |  | — |  |  | — |  |  |  |
Contractual life remaining (years) |  | — |  |  | — |  |  |  |
Exercise price (CHF) |  | 7.26 - 10.65 |  | 0.73 |  |  |  |
Expected dividend yield (%) |  | — |  |  | — |  |  |  |
Risk-free interest rate (%) |  | n/a |  | n/a |  |  |
Expected volatility of the share price (%) |  | n/a |  | n/a |  |  |
Option value (CHF) |  | 6.18 - 9.57 |  | 0.96 |  |  |  |
LTIP 2020 |  | 2/28/2021 |  | 10/1/2021 |  | 10/1/2021 |  | 10/1/2021 |  |  |
Grant date |  | Class A options |  | Class A options |  | Class B options |  | Class A RSUs |  |  |
Share price on the measurement date (CHF) |  | 7.30 |  |  | 28.33 |  |  | 2.83 |  |  | 28.33 |  |  |  |
Expected life of the award on the grant date (years) |  | 7.0 |  |  | 0.2 |  |  | 0.2 |  |  | n/a |  |  |
Contractual life remaining (years) |  | 5.2 years |  | — |  |  | — |  |  | n/a |  |  |
Exercise price (CHF) |  | 7.11 - 7.30 |  | 7.18 - 11.48 |  | 0.71 |  |  | n/a |  |  |
Expected dividend yield (%) |  | — |  |  | — |  |  | — |  |  | — |  |  |  |
Risk-free interest rate (%) |  | (0.41) |  |  | 0.04 |  |  | 0.04 |  |  | n/a |  |  |
Expected volatility of the share price (%) |  | 40.51 |  |  | 31.00 |  |  | 31.00 |  |  | n/a |  |  |
Option value (CHF) |  | 2.92 - 2.97 |  | 16.85 - 21.15 |  | 2.12 |  |  | n/a |  |  |
LTIP 2021 |  | 3/31/2022 |  | 3/31/2022 |  | 6/24/2022 |  | 9/23/2022 |  |  |
Grant date |  | Class A RSUs |  | Class A PSUs |  | Class A PSUs |  | Class A PSUs |  |  |
Share price on the measurement date (CHF) |  | 23.22 |  |  | 23.22 |  |  | 18.13 |  |  | 16.84 |  |  |  |
Founders' Plan 2021 |  | 10/1/2021 |  |  |
Grant date |  | Class A RSUs |  |  |
Share price on the measurement date (CHF) |  | 28.33 |  |  |  |
Tax Recognition Plan 2022 |  | 12/19/2022
Grant date |  | Class A shares
Share price on the measurement date (CHF) |  | 15.25 |
Valuation Inputs, Share Options | Parameters taken into account in the valuation:
LTIP 2018 |  | 2/28/2021 |  | 2/28/2021
Grant date |  | Class A options (non-US) |  | Class A options (US)
Share price on the measurement date (CHF) |  | 7.30 |  |  | 7.30 |
Expected life of the award on the grant date (years) |  | 5.0 |  |  | 5.0 |
Contractual life remaining (years) |  | 3.2 years |  | 3.2 years
Exercise price (CHF) |  | 0.10 |  |  | 7.30 |
Expected dividend yield (%) |  | — |  |  | — |
Risk-free interest rate (%) |  | (0.60) |  |  | (0.60) |
Expected volatility of the share price (%) |  | 40.73 |  |  | 40.73 |
Option value (CHF) |  | 7.29 |  |  | 2.49 |
LTIP 2020 |  | 12/6/2022 |  | 12/6/2022 |  |  |
Grant date |  | Class A options |  | Class B options |  |  |
Share price on the measurement date (CHF) |  | 16.83 |  |  | 1.68 |  |  |  |
Expected life of the award on the grant date (years) |  | — |  |  | — |  |  |  |
Contractual life remaining (years) |  | — |  |  | — |  |  |  |
Exercise price (CHF) |  | 7.26 - 10.65 |  | 0.73 |  |  |  |
Expected dividend yield (%) |  | — |  |  | — |  |  |  |
Risk-free interest rate (%) |  | n/a |  | n/a |  |  |
Expected volatility of the share price (%) |  | n/a |  | n/a |  |  |
Option value (CHF) |  | 6.18 - 9.57 |  | 0.96 |  |  |  |
LTIP 2020 |  | 2/28/2021 |  | 10/1/2021 |  | 10/1/2021 |  | 10/1/2021 |  |  |
Grant date |  | Class A options |  | Class A options |  | Class B options |  | Class A RSUs |  |  |
Share price on the measurement date (CHF) |  | 7.30 |  |  | 28.33 |  |  | 2.83 |  |  | 28.33 |  |  |  |
Expected life of the award on the grant date (years) |  | 7.0 |  |  | 0.2 |  |  | 0.2 |  |  | n/a |  |  |
Contractual life remaining (years) |  | 5.2 years |  | — |  |  | — |  |  | n/a |  |  |
Exercise price (CHF) |  | 7.11 - 7.30 |  | 7.18 - 11.48 |  | 0.71 |  |  | n/a |  |  |
Expected dividend yield (%) |  | — |  |  | — |  |  | — |  |  | — |  |  |  |
Risk-free interest rate (%) |  | (0.41) |  |  | 0.04 |  |  | 0.04 |  |  | n/a |  |  |
Expected volatility of the share price (%) |  | 40.51 |  |  | 31.00 |  |  | 31.00 |  |  | n/a |  |  |
Option value (CHF) |  | 2.92 - 2.97 |  | 16.85 - 21.15 |  | 2.12 |  |  | n/a |  |  |
LTIP 2021 |  | 3/31/2022 |  | 3/31/2022 |  | 6/24/2022 |  | 9/23/2022 |  |  |
Grant date |  | Class A RSUs |  | Class A PSUs |  | Class A PSUs |  | Class A PSUs |  |  |
Share price on the measurement date (CHF) |  | 23.22 |  |  | 23.22 |  |  | 18.13 |  |  | 16.84 |  |  |  |
Founders' Plan 2021 |  | 10/1/2021 |  |  |
Grant date |  | Class A RSUs |  |  |
Share price on the measurement date (CHF) |  | 28.33 |  |  |  |
Tax Recognition Plan 2022 |  | 12/19/2022
Grant date |  | Class A shares
Share price on the measurement date (CHF) |  | 15.25 |

X
- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_47_b&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 47 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_47_a&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The disclosure of the number and weighted average exercise prices of other equity instruments (ie other than share options). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_45&doctype=Standard -URIDate 2022-03-24 + Details
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- Definition The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2022-03-24 -Paragraph 45 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2022-en-r&anchor=para_45_b&doctype=Standard -URIDate 2022-03-24 + Details
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