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Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Summary of Share-based Payment Arrangement, Option, Activity
The following table summarizes option activity under the plans:
Options OutstandingWeighted-Average RemainingAggregate Intrinsic Value
(In Millions)
Number of SharesWeighted Average Exercise PriceContract Term
(In Years)
Outstanding as of December 31, 2024
1,152,878$16.67 5.7$11.7 
Granted— 
Exercised(75,496)13.16 1.1 
Cancelled/Expired(591)15.88 — 
Outstanding as of March 31, 20251,076,79116.92 5.4$9.4 
Vested and exercisable as of March 31, 20251,046,554$16.94 5.4$9.1 
Summary of Unvested Restricted Stock Units Roll Forward
The following table summarizes the RSU and PRSU activity for the three months ended March 31, 2025:
Number of SharesWeighted Average Grant-Date Fair Value per Share
Unvested and outstanding as of December 31, 2024
1,738,781$24.40 
Granted949,16629.38 
Released(323,540)23.86 
Canceled and forfeited(120,856)26.15 
Unvested and outstanding as of March 31, 2025
2,243,551 $26.49 
Summary of Share-based Payment Arrangement, Expensed and Capitalized, Amount
Total stock-based compensation expense, classified in the accompanying condensed consolidated statements of operations and comprehensive loss was as follows (in millions):
Three Months Ended
March 31,
20252024
Losses and loss adjustment expenses$0.3 $0.2 
Insurance related expenses1.2 0.4 
Technology and development1.6 1.7 
Sales and marketing1.0 1.9 
General and administrative3.6 4.2 
Total stock-based compensation expense$7.7 $8.4