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Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summarizes the Aggregate Number of Stock Options And Restricted Stock Unit

The following table summarizes the aggregate number of stock options and restricted stock units, or RSUs, outstanding under the 2020 Plan as of December 31, 2024:

 

 

December 31, 2024

 

Outstanding stock options

 

27,696,061

 

% of outstanding shares on a fully diluted basis

 

7

%

Outstanding RSUs

 

13,865,487

 

% of outstanding shares on a fully diluted basis

 

3

%

 
Summary of Equity Awards Activity

The following table represents equity awards activity during the years ended December 31, 2024 and 2023:

 

 

For the Year Ended December 31,

 

(in thousands, except share amounts)

2024

 

 

2023

 

Common shares issued for stock option exercises

 

9,500

 

 

 

1,239,763

 

Gross and net proceeds from stock option exercises

$

10

 

 

$

1,882

 

Common shares issued in settlement of vested RSUs

 

3,351,960

 

 

 

3,890,395

 

Shares retained for settlement of employee tax obligations ─ RSUs

 

1,009,154

 

 

 

1,187,251

 

Common shares issued in settlement of vested Performance-Based RSUs (1)

 

497,397

 

 

 

358,440

 

Shares retained for settlement of employee tax obligations ─ Performance-Based RSUs

 

345,693

 

 

 

143,120

 

 

(1)
Performance-based RSUs vested in connection with the achievement of certain performance conditions. These performance-based RSUs will primarily vest over a three-year period based on continuous service from the grant date.