Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v3.21.2
Stock Incentive Plan (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity is as follows:
Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2020 3,516,484  $12.79  5.93 $ 25,718 
Granted 629,348  $20.20 
Exercised (698,150) $5.74 
Cancelled (173,001) $16.75 
Outstanding, September 30, 2021 3,274,681  $15.46  6.59 $ 12,878 
Exercisable, September 30, 2021 1,890,173  $14.42  5.05 $ 9,324 
Schedule of Weighted-Average Assumptions for Options Granted
The Company used the following weighted-average assumptions for options granted during the nine months ended September 30, 2021:
Nine Months Ended
September 30, 2021
Expected term (in years) 5.88
Expected volatility 58.41   %
Risk free rate 1.01   %
Expected dividends —   %
Summary of Stock Unit Activity
A summary of the status of non-vested RSUs/PSUs as of September 30, 2021 and the changes during the nine months then ended are presented below:
Outstanding Stock Units
Stock Units Weighted-Average Fair Value at Date of Grant per Share Weighted Average Remaining Vesting Life Aggregate Intrinsic Value (in thousands)
Unvested, December 31, 2020 1,782,905  $ 15.23  1.83 $ 31,825 
Granted 863,014  $ 20.56 
Released (206,193) $ 16.68 
Forfeited (250,710) $ 16.22 
Unvested, September 30, 2021 2,189,016  $ 17.08  1.69 $ 34,586