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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following two tables summarize our total stock-based compensation expense by award type and where the stock-based compensation expense was recorded in our condensed consolidated statements of operations (in thousands):

			Three Months Ended March 31,
			2025						2024
			(unaudited)
Restricted stock units			$	5,525					$	8,343
Performance-based restricted stock units			1,165						213
Employee stock purchase plan			284						300
Restricted shares			569						1,969
Options			—						13
Total stock-based compensation			$	7,543					$	10,838

			Three Months Ended March 31,
			2025						2024
			(unaudited)
Cost of revenue			$	1,221					$	1,697
Sales and marketing			2,162						3,990
Research and development			1,133						1,844
General and administrative			3,027						3,307
Total stock-based compensation			$	7,543					$	10,838

Schedule of Information Related to Stock Options

A summary of the share option activity under the 2019 Plan for the three months ended March 31, 2025, is as follows:

			Time-Based Option Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life in Years						Aggregate Intrinsic Value
			(unaudited)
Outstanding at January 1, 2025			1,053,251						$	11.99
Options cancelled/expired			(30,209)						10.53
Outstanding at March 31, 2025			1,023,042						$	12.03					2.9						$	—
Vested and expected to vest as of March 31, 2025			1,023,042						$	12.03					2.9						$	—
Vested and exercisable as of March 31, 2025			1,023,042						$	12.03					2.9						$	—

Schedule of Outstanding RSUs and Related Activity

The following table sets forth the outstanding RSUs and related activity for the three months ended March 31, 2025:

			Restricted Stock Units						Weighted Average Grant Date Fair Value
			(unaudited)
Unvested and outstanding at January 1, 2025			3,505,406						$	11.49
RSUs granted			3,226,619						4.95
RSUs vested			(747,148)						11.93
RSUs forfeited			(277,081)						8.27
Unvested and outstanding at March 31, 2025			5,707,796						$	7.76

The following table sets forth the outstanding PRSUs, including executive PRSUs with market-based tranches, and related activity for the three months ended March 31, 2025:

			Performance-based Restricted Stock Units						Weighted Average Grant Date Fair Value
			(unaudited)
Unvested and outstanding at January 1, 2025			524,313						$	9.90
PRSUs granted			2,401,883						4.98
PRSUs vested			(146,734)						9.82
PRSUs forfeited			(51,579)						10.28
Unvested and outstanding at March 31, 2025			2,727,883						$	5.56

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The recurring Level 3 fair value measurements of the contingent consideration liabilities include the other following significant inputs used during the three months ended March 31, 2025:

Valuation Method

Market Price of Revenue Risk

Revenue Volatility

Expected Term (years)

Risk-free interest rate

(unaudited)

Revenue-based earn-out liabilities

Monte Carlo

13.0%

40%

1.9

4.3%

The fair value of the market-based tranches included in the executive PRSUs were estimated on the date of grants using the Monte Carlo simulation valuation model with the following assumptions for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31, 2025						Three Months Ended March 31, 2024
			(unaudited)
Expected volatility			71.6%						65.5%
Expected term (in years)			1-3						1-3
Risk-free interest rate			4.16% - 4.23%						4.33% - 4.91%
Expected dividends			—						—

Schedule of Employee Stock Purchase Plan

The fair value of the purchase right for the ESPP option component is estimated on the date of grant using the Black-Scholes model with the following assumptions for the three months ended March 31, 2025 and 2024:

			Three Months Ended March 31,
			2025						2024
			(unaudited)
Expected volatility			75.2%						55.5%
Expected term (in months)			6						6
Risk-free interest rate			4.25%						5.24%
Expected dividends			—						—

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