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Subsequent Events | 6 Months Ended
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Jun. 30, 2023
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events In July 2023, the holders of shares of the Company’s Class B common stock held a special meeting (the “Special Meeting”). At the Special Meeting, the holders of a majority of the Company’s outstanding shares of Class B common stock approved the conversion of all outstanding shares of Class B common stock into the same number of shares of the Company’s Class A common stock effective July 6, 2023, as permitted pursuant to the terms of the Company’s Restated Certificate of Incorporation. In July 2023, the Company entered into an operating lease agreement for the purpose of consolidating two offices down to one. The Company’s future minimum commitment under this agreement totals approximately $8.3 million and extends through 2029. In July 2023, the Company’s Compensation Committee approved the issuance of approximately 3.0 million RSUs with service-based vesting periods that are satisfied over two and four years. The Company expects to recognize approximately $14.3 million in stock-based compensation on a straight-line basis over the vesting period of these awards.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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