Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Schedule of Stock Option Valuation Assumptions (Details)

v3.23.3
SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS - Schedule of Stock Option Valuation Assumptions (Details)
9 Months Ended
Sep. 30, 2023
USD ($)
$ / shares
Q3-2023 Option Grants  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield | $ $ 0
Risk-free interest rate, minimum 4.01%
Risk-free interest rate, maximum 4.25%
Expected volatility 45.00%
Expected term (years) 10 years
Suboptimal exercise multiple (in usd per share) 2.50
Weighted average exercise price of options granted (in usd per share) $ 5.56
Weighted average fair value of options granted (in usd per share) $ 2.83
Q3-2023 Option Grants | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Drift rate 4.01%
Q3-2023 Option Grants | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Drift rate 4.25%
Q1-2023 Option Grants  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield | $ $ 0
Risk-free interest rate, minimum 3.93%
Risk-free interest rate, maximum 4.18%
Expected volatility 45.00%
Expected term (years) 6 years 6 months
Suboptimal exercise multiple (in usd per share) 0
Drift rate 0.00%
Weighted average exercise price of options granted (in usd per share) $ 8.31
Weighted average fair value of options granted (in usd per share) $ 4.24
Prior Grants  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividend yield | $ $ 0
Risk-free interest rate 3.48%
Expected volatility 44.00%
Suboptimal exercise multiple (in usd per share) 2.5
Weighted average exercise price of options granted (in usd per share) $ 9.78
Weighted average fair value of options granted (in usd per share) $ 3.15
Prior Grants | Minimum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expected term (years) 8 years 6 months
Drift rate 3.51%
Prior Grants | Maximum  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Expected term (years) 9 years 3 months
Drift rate 3.52%