Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

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Stockholders’ Equity (Tables)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity Based Compensation Expense
Stock-based compensation expense, consisting of service-based expense related to the equity incentive plan, including expense from stock options and restricted stock units, and the employee stock purchase plan, was classified as follows in the accompanying condensed consolidated statements of operations for each of the periods presented (in thousands):
Three Months Ended March 31,
2024 2023
Cost of revenue $ 239  $ 213 
Sales and marketing 1,151  964 
Research and development 1,898  930 
General and administrative 3,484  2,406 
Total $ 6,772  $ 4,513 
Schedule of Stock Option Activity
Stock option activity was as follows:
Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value
(in thousands)
Outstanding as of December 31, 2023 1,840,735  $ 4.32  5.96 $ 13,165 
Exercisable as of December 31, 2023 1,480,536  $ 3.82  5.62 $ 11,320 
Granted —  $ — 
Exercised (60,548) $ 4.80 
Forfeited and expired (2,075) $ 5.81 
Outstanding as of March 31, 2024 1,778,112  $ 4.30  5.71 $ 12,768 
Exercisable as of March 31, 2024 1,495,817  $ 3.89  5.44 $ 11,348 
Schedule of Restricted Stock Unit Activity
RSU activity was as follows:
Number of Shares Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023 7,504,848  $ 5.98 
Granted 2,068,200  $ 11.64 
Vested (1,205,838) $ 5.28 
Canceled (81,064) $ 6.78 
Outstanding as of March 31, 2024 8,286,146  $ 7.48