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Stock-based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Schedule of Total Stock-based Compensation Cost, Net of Forfeitures | Total stock-based compensation cost, net of forfeitures, was as follows:
(In thousands) |  | Three Months Ended March 31, 2022 |  |  | Three Months Ended March 31, 2021 |
Cost of revenue |  | $ | 948 |  |  | $ | 1,607 |
Selling and marketing expense |  |  | (1,322 | ) |  |  | 5,141 |
General and administrative expense |  |  | 10,398 |  |  |  | 19,908 |
Product development expense |  |  | 7,533 |  |  |  | 19,167 |
Total stock-based compensation expense |  | $ | 17,557 |  |  | $ | 45,823 |
Summary of Weighted-Average Assumptions Used in Monte Carlo Model for 2020 | The weighted-average assumptions the Company used in the Monte Carlo model for 2020 are as follows:
Dividend yield |  |  | — |
Expected volatility |  |  | 58 | %
Risk-free interest rate |  |  | 0.86 | %
Expected time to liquidity event (years) |  |  | 4.7 |
Summary of Assumption Ranges and Fair Value Per Unit | The fair value of Time-Vesting awards granted or modified at the time of the IPO was determined using the Black-Scholes option pricing model with the following assumptions:
Volatility |  | 55%-60% |
Expected Life |  | 0.5 - 7.4 years |
Risk-free rate |  | 0.1%-0.8% |
Fair value per unit |  | $43.00 |
Dividend yield |  |  | 0.0 | %
Discount for lack of marketability(1) |  | 15% - 25% |
Summary of Aggregate Intrinsic Value and Weighted Average Remaining Contractual Terms | The aggregate intrinsic value – assuming all options are expected to vest – and weighted average remaining contractual terms of Time-Vesting and Exit-Vesting options outstanding and options exercisable were as follows as of March 31, 2022.
Aggregate intrinsic value |  |  |
Time-Vesting options outstanding |  |  | 437,273 |
Time Vesting options exercisable |  |  | — |
Exit-Vesting options outstanding |  |  | — |
Exit-Vesting options exercisable |  | N/A |
Weighted-average remaining contractual term (in years) |  |  |
Time-Vesting options outstanding |  |  | 8.8 |
Time Vesting options exercisable |  |  | 7.5 |
Exit-Vesting options outstanding |  |  | 8.9 |
Exit-Vesting options exercisable |  | N/A |
Exit Vesting RSUs Granted | Exit-Vesting RSUs that were granted as a result of the Reclassification contain similar vesting requirements to the previously Exit-Vesting Phantom Class B Units.
|  | Time-Vesting RSUs |  |  | Exit-Vesting RSUs |
|  | Number of Awards |  |  | Weighted- Average Grant-Date Fair Value |  |  | Number of Awards |  |  | Weighted- Average Grant-Date Fair Value |
Unvested as of December 31, 2021 |  |  | 2,803,943 |  |  | $ | 45.36 |  |  |  | 1,217,151 |  |  | $ | 30.52 |
Granted |  |  | 2,111,856 |  |  |  | 27.91 |  |  |  | — |  |  |  | — |
Vested |  |  | (455,066 | ) |  |  | 43.62 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (328,109 | ) |  |  | 41.30 |  |  |  | (209,503 | ) |  |  | 30.52 |
Unvested as of March 31, 2022 |  |  | 4,132,624 |  |  | $ | 36.96 |  |  |  | 1,007,648 |  |  | $ | 30.52 |
Incentive Units |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Information Around Incentive Units in Bumble Holdings | The newly granted Incentive Units contain the same vesting attributes as Incentive Units granted as a result of the Reclassification.
|  | Time-Vesting Incentive Units |  |  | Exit-Vesting Incentive Units |
|  | Number of Awards |  |  | Weighted- Average Participation Threshold |  |  | Number of Awards |  |  | Weighted- Average Participation Threshold |
Unvested as of December 31, 2021 |  |  | 5,170,731 |  |  | $ | 14.22 |  |  |  | 4,324,868 |  |  | $ | 13.81 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | (887,890 | ) |  |  | 13.78 |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested as of March 31, 2022 |  |  | 4,282,841 |  |  | $ | 14.31 |  |  |  | 4,324,868 |  |  | $ | 13.81 |
RSU's |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Time Vesting RSUs and Exit Vesting RSUs Granted |
|  | Time-Vesting RSUs |  |  | Exit-Vesting RSUs |
|  | Number of Awards |  |  | Weighted- Average Grant-Date Fair Value |  |  | Number of Awards |  |  | Weighted- Average Grant-Date Fair Value |
Unvested as of December 31, 2021 |  |  | 2,803,943 |  |  | $ | 45.36 |  |  |  | 1,217,151 |  |  | $ | 30.52 |
Granted |  |  | 2,111,856 |  |  |  | 27.91 |  |  |  | — |  |  |  | — |
Vested |  |  | (455,066 | ) |  |  | 43.62 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (328,109 | ) |  |  | 41.30 |  |  |  | (209,503 | ) |  |  | 30.52 |
Unvested as of March 31, 2022 |  |  | 4,132,624 |  |  | $ | 36.96 |  |  |  | 1,007,648 |  |  | $ | 30.52 |
Time-Vesting Awards |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Time Vesting RSUs and Exit Vesting RSUs Granted | The following table summarizes the Company’s option activity as it relates to Time-Vesting stock options as of March 31, 2022:
|  | March 31, 2022 |
|  | Number of Options |  |  | Weighted- Average Exercise Price Per Share |  |  | Weighted- Average Grant Date Fair Value Per Share |
Outstanding as of December 31, 2021 |  |  | 2,038,016 |  |  | $ | 43.76 |  |  | $ | 22.96 |
Granted |  |  | 646,051 |  |  |  | 28.36 |  |  |  | 16.98 |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | (284,592 | ) |  |  | 37.55 |  |  |  | 20.52 |
Outstanding as of March 31, 2022 |  |  | 2,399,475 |  |  | $ | 40.35 |  |  | $ | 21.68 |
Exercisable as of March 31, 2022 |  |  | 495,871 |  |  |  | 43.00 |  |  |  | 22.21 |
Exit-Vesting Awards |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Assumption Ranges and Fair Value Per Unit | The fair value of Exit-Vesting awards granted or modified at the time of the IPO was determined using a Monte Carlo simulation approach in an option pricing framework, where the common stock price of the Company was evolved using a Geometric Brownian Motion over a period from the Valuation Date to the date of Management's expected exit date - a date at which MOIC and IRR realized by the Sponsor can be calculated ("Sponsor Exit"), with the following assumptions:
Volatility |  |  | 55 | %
Expected Life |  | 1.8 years |
Risk-free rate |  |  | 0.1 | %
Fair value per unit |  | $43.00 |
Dividend yield |  |  | 0.0 | %
Discount for lack of marketability(1) |  |  | 15 | %
Summary of Option Activity Related to Time-Vesting Stock Options and Exit-Vesting Stock Options | The following table summarizes the Company’s option activity as it relates to Exit-Vesting stock options as of March 31, 2022:
|  | March 31, 2022 |
|  | Number of Options |  |  | Weighted- Average Exercise Price Per Share |  |  | Weighted- Average Grant Date Fair Value Per Share |
Outstanding as of December 31, 2021 |  |  | 222,424 |  |  | $ | 43.00 |  |  | $ | 18.10 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | (58,062 | ) |  |  | 43.00 |  |  |  | 18.10 |
Outstanding as of March 31, 2022 |  |  | 164,362 |  |  | $ | 43.00 |  |  | $ | 18.10 |
Exercisable as of March 31, 2022 |  |  | — |  |  |  | — |  |  |  | — |
Time Vesting Options Granted |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Option Activity Related to Time-Vesting Stock Options and Exit-Vesting Stock Options | The fair value of Time-Vesting Options granted during the three months ended March 31, 2022 was determined using the Black-Scholes option pricing model with the following assumptions:
Volatility |  |  | 60 | %
Expected Life |  | 7.0 years |
Risk-free rate |  | 1.74% - 1.81% |
Fair value per unit |  | $15.36 - $17.66 |
Dividend yield |  |  | 0.0 | %
Restricted Shares Of Class A Common Stock In Bumble Inc |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
Summary of Information about Restricted Shares | The Company did not recognize any incremental fair value due to the reclassification of awards as the fair value per award was the same immediately prior to and after the Reclassification.
|  | Time-Vesting Restricted Shares of Class A Common Stock |  |  | Weighted- Average Grant-Date Fair Value |  |  | Exit-Vesting Restricted Shares of Class A Common Stock |  |  | Weighted- Average Grant-Date Fair Value |
|  | Number of Awards |  |  |  |  |  | Number of Awards |  |  |  |
Unvested as of December 31, 2021 |  |  | 98,717 |  |  | $ | 7.26 |  |  |  | 82,211 |  |  | $ | 5.19 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | (23,232 | ) |  |  | 6.73 |  |  |  | — |  |  |  | — |
Forfeited |  |  | (9,511 | ) |  |  | 7.03 |  |  |  | (10,390 | ) |  |  | 4.94 |
Unvested as of March 31, 2022 |  |  | 65,974 |  |  | $ | 7.47 |  |  |  | 71,821 |  |  | $ | 5.23 |

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