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Share-based compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation

The Company recognized stock-based compensation expense for all equity arrangements as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
			(in thousands)
Cost of revenue:
Subscription			$	2,479					$	1,716					$	6,495					$	2,384
Services			344						229						961						381
Sales and marketing			6,955						4,833						26,625						6,763
Research and development			5,130						5,145						19,620						7,076
General and administrative			5,582						3,913						35,823						6,170
			$	20,490					$	15,836					$	89,524					$	22,774

Summary of Stock-Option Activity

The table below summarizes return target option activity for the nine months ended September 30, 2022:

			Options						Weighted‑ Average Exercise Price						Weighted‑ Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2021			3,687,664						$	6.75					6.8						$	115,278
Granted			—						—												—
Exercised			(384,744)						6.85												7,465
Forfeitures			—						—												—
Outstanding, September 30, 2022			3,302,920						$	6.74					6.0						$	50,938
Options exercisable at September 30, 2022			3,302,920						$	6.74					6.0						$	50,938
Vested or expected to vest at September 30, 2022			3,302,920						$	6.74					6.0						$	50,938

The table below summarizes the service-based option activity for the nine months ended September 30, 2022:

			Options						Weighted‑ Average Exercise Price						Weighted‑ Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2021			1,643,266						$	5.68					6.1						$	53,129
Granted			—						—												—
Exercised			(362,666)						5.65												10,258
Forfeitures			—						—												—
Outstanding, September 30, 2022			1,280,600						$	5.69					5.3						$	21,093
Options exercisable at September 30, 2022			1,202,964						$	5.55					5.2						$	19,984
Vested or expected to vest at September 30, 2022			1,280,600						$	5.69					5.3						$	21,093

Summary of Restricted Stock Units Stock Option Activity

RSU activity for the nine months ended September 30, 2022 was as follows:

			Units						Weighted-Average Grant Date Fair Value (per share)
Outstanding, December 31, 2021			6,890,938						$	31.59
Granted			3,491,707						28.45
Vested			(1,036,161)						32.66
Forfeited			(524,632)						30.95
Outstanding, September 30, 2022			8,821,852						$	30.26

Schedule of Fair Value Assumptions

The Company used the following assumptions in the Black-Scholes option pricing model to estimate the fair value:

			Three and Nine Months Ended September 30, 2022
Expected term			0.5 years
Expected volatility			60.05%
Risk-free interest rate			1.49%
Expected dividend yield			—%

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