XML 42 R32.htm IDEA: XBRL DOCUMENT
v3.23.3

Stockholders’ Equity and Equity Incentive Plan (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Equity [Abstract] |
Schedule of Common Stock Reserved for Future Issuance | As of September 30, 2023, the Company had the following shares of common stock reserved for future issuance under its equity incentive plan and employee share purchase plan:
Stock options outstanding | 7,157,218 |
Restricted stock outstanding | 6,763,380 |
Remaining shares available for future grant under 2021 Equity Incentive Plan(1) | 4,107,198 |
Remaining shares available for future issuance under ESPP(2) | 1,895,121 |
Total shares of common stock reserved as of September 30, 2023 | 19,922,917 |
(1)Includes the automatic annual increase of 2,377,740 additional shares under the Company’s 2021 Equity Incentive Plan (“2021 Plan”) on January 1, 2023. (2)Includes the automatic annual increase of 475,548 ad ditional shares under the Company’s ESPP on January 1, 2023.
Schedule of Repurchase Agreements | The following table presents certain information regarding shares repurchased during the periods presented:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Number of shares repurchased | 3,416,682 |  |  | — |  |  | 7,517,260 |  |  | 1,531,209 |  |  |
Average price per share, including commissions | $ | 7.32 |  |  | $ | — |  |  | $ | 7.88 |  |  | $ | 14.24 |  |  |
Total repurchase costs, including commissions (in millions) | $ | 25.0 |  |  | $ | — |  |  | $ | 59.2 |  |  | $ | 21.8 |  |  |
Schedule of Stock Options | A summary of stock option activity and related information is as follows:
| Options Outstanding
| Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)
Balance as of December 31, 2022 | 7,756,680 |  |  | $ | 6.96 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Anti-dilution adjustment(1) | 389,037 |  |  | 1.92 |  |  |  |  |
Exercised | (733,884) |  |  | 1.93 |  |  |  |  | $ | 4,415 |
Cancelled and forfeited | (254,615) |  |  | 19.14 |  |  |  |  |
Balance as of September 30, 2023 | 7,157,218 |  |  | $ | 5.91 |  |  | 5.09 |  | $ | 23,721 |
Vested and exercisable | 6,289,769 |  |  | $ | 4.89 |  |  | 4.82 |  | $ | 22,948 |
(1)Represents the incremental increase in the number of shares issuable upon vesting of options outstanding prior to the Special Dividend pursuant to the anti-dilution adjustment.
Schedule of RSU Activity | A summary of RSU activity and related information is as follows:
| RSUs Outstanding
| Number of Shares |  | Weighted-Average Grant Date Fair Value
Unvested balance as of December 31, 2022 | 5,134,934 |  |  | $ | 14.37 |
Granted | 2,771,342 |  |  | 8.42 |
Anti-dilution adjustment(1) | 950,208 |  |  | 12.43 |
Vested | (1,727,598) |  |  | 14.61 |
Cancelled and forfeited | (996,281) |  |  | 13.47 |
Unvested balance as of September 30, 2023 | 6,132,605 |  |  | $ | 11.46 |
(1)R epresents the incremental increase in the number of shares issuable upon vesting of RSUs outstanding prior to the Special Dividend pursuant to the anti-dilution adjustment.
Schedule of Share-Based Compensation Expense by Line Item in the Consolidated Statements of Operations | The stock-based compensation expense by line item in the condensed consolidated statements of operations is summarized as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |
Cost of revenue |  |  |  |  |  |  |  |  |
Subscription and other platform | $ | 638 |  |  | $ | 849 |  |  | $ | 2,132 |  |  | $ | 2,540 |  |  |
Professional services | 123 |  |  | 165 |  |  | 419 |  |  | 505 |  |  |
Total cost of revenue | 761 |  |  | 1,014 |  |  | 2,551 |  |  | 3,045 |  |  |
Sales and marketing | 3,693 |  |  | 3,597 |  |  | 10,305 |  |  | 10,986 |  |  |
Research and development | 2,332 |  |  | 2,019 |  |  | 6,716 |  |  | 5,925 |  |  |
General and administrative | 4,779 |  |  | 3,273 |  |  | 13,719 |  |  | 9,152 |  |  |
Total stock-based compensation expense | $ | 11,565 |  |  | $ | 9,903 |  |  | $ | 33,291 |  |  | $ | 29,108 |  |  |
Schedule of Unrecognized Stock-Based Compensation Expenses | The following table presents the unrecognized stock-based compensation expense and weighted-average recognition periods as of September 30, 2023 (in thousands, except years):
| Stock Option |  | Restricted Stock |  | ESPP
Unrecognized stock-based compensation expense | $ | 14,427 |  |  | $ | 58,991 |  |  | $ | 46 |
Weighted-average amortization period | 1.47 years |  | 2.24 years |  | 0.13 years

X
- Definition Common Stock Reserved for Future Issuance + References No definition available. + Details
Name: | ontf_CommonStockReservedForFutureIssuanceTableTextBlock
Namespace Prefix: | ontf_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration