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Stock-Based Compensation | 6 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation Stock Options The following table summarizes stock option activity for the six months ended June 30, 2022 (in thousands, except per share amounts):
| Options Outstanding |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life (years) |  | Aggregate Intrinsic Value
Balance as of December 31, 2021 | 349,952 |  |  | $ | 7.81 |  |  | 9.06 |  | $ | 3,638,685 |
Options exercised | (11,434) |  |  | 4.16 |  |  | — |  |  | — |
Options canceled and forfeited | (1,942) |  |  | 4.93 |  |  | — |  |  | — |
Balance as of June 30, 2022 | 336,576 |  |  | $ | 7.95 |  |  | 8.74 |  | $ | 750,129 |
Options vested and exercisable as of June 30, 2022 | 175,943 |  |  | $ | 5.46 |  |  | 7.68 |  | $ | 676,872 |
As of June 30, 2022, the total unrecognized stock-based compensation expense related to options outstanding was $799.2 million, which is expected to be recognized over a weighted-average service period of eight years. RSUs The following table summarizes the RSU activity for the six months ended June 30, 2022 (in thousands, except per share amounts):
| RSUs Outstanding |  | Weighted Average Grant Date Fair Value per Share
Balance as of December 31, 2021 | 153,749 |  |  | $ | 9.56 |
RSUs granted | 11,209 |  |  | 13.96 |
RSUs vested and converted to shares | (23,833) |  |  | 8.59 |
RSUs canceled | (4,415) |  |  | 9.07 |
Balance as of June 30, 2022 | 136,710 |  |  | $ | 10.11 |
As of June 30, 2022, the total unrecognized stock-based compensation expense related to the RSUs outstanding was $826.7 million, which the Company expects to recognize over a weighted-average service period of three years. Stock-based Compensation Expense Total stock-based compensation expense was as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Cost of revenue | $ | 11,211 |  |  | $ | 24,029 |  |  | $ | 22,888 |  |  | $ | 40,006 |
Sales and marketing | 49,405 |  |  | 72,008 |  |  | 98,677 |  |  | 129,294 |
Research and development | 24,978 |  |  | 50,630 |  |  | 51,883 |  |  | 88,504 |
General and administrative | 60,175 |  |  | 86,075 |  |  | 121,644 |  |  | 168,669 |
Total stock-based compensation expense | $ | 145,769 |  |  | $ | 232,742 |  |  | $ | 295,092 |  |  | $ | 426,473 |

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI https://asc.fasb.org/topic&trid=2228938 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (l) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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