v3.19.3
Redeemable Convertible Preferred Stock, Common Stock, and Equity (Deficit) (Tables)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Summary of Activity in Restricted Common Stock
The following table summarizes the activity related to the Company’s restricted common stock for the nine months ended September 30, 2019 (in thousands, except per share amounts):
 
 
Number of Shares
 
Weighted-average Grant-Date Fair Value per Share
Unvested restricted common stock as of December 31, 2018
 
898

 
$
34.81

Vested
 
(485
)
 
$
34.84

Canceled and forfeited
 
(61
)
 
$
34.57

Unvested restricted common stock as of September 30, 2019
 
352

 
$
34.77


Summary of Stock Options and SAR Activity
A summary of stock option and SAR activity for the nine months ended September 30, 2019 is as follows (in millions, except share amounts which are reflected in thousands, per share amounts, and years):
 
 
SARs Outstanding Number of SARs
 
Options Outstanding Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contractual Life (in years)
 
Aggregate Intrinsic Value
As of December 31, 2018
 
758

 
42,936

 
$
9.22

 
5.74
 
$
1,456

Granted
 
86

 
250

 
$
43.00

 
 
 
 
Exercised
 

 
(1,272
)
 
$
2.55

 
 
 
 
Canceled and forfeited
 
(13
)
 
(1,382
)
 
$
33.19

 
 
 
 
As of September 30, 2019
 
831

 
40,532

 
$
8.89

 
4.89
 
$
934

Vested and expected to vest as of September 30, 2019
 
648

 
35,145

 
$
4.58

 
4.63
 
$
933

Exercisable as of September 30, 2019
 
648

 
35,145

 
$
4.58

 
4.63
 
$
933

Schedule of Restricted Stock Units Activity
The following table summarizes the activity related to the Company’s RSUs for the nine months ended September 30, 2019. For purposes of this table, vested RSUs represent the shares for which the service condition had been fulfilled during nine months ended September 30, 2019 (in thousands, except per share amounts):
 
 
Number of Shares
 
Weighted-Average
Grant-Date Fair
Value per Share
Unvested and outstanding as of December 31, 2018
 
75,835

 
$
37.20

Granted
 
52,859

 
$
43.67

Vested
 
(27,255
)
 
$
37.38

Canceled and forfeited
 
(10,440
)
 
$
40.40

Unvested and outstanding as of September 30, 2019
 
90,999

 
$
42.47


Schedule of Stock-Based Compensation Expense by Function The following table summarizes total stock-based compensation expense by function for the three and nine months ended September 30, 2018 and 2019 (in millions):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2019
 
2018
 
2019
Operations and support
 
$
4

 
$
26

 
$
11

 
$
431

Sales and marketing
 
2

 
16

 
6

 
229

Research and development
 
49

 
262

 
60

 
2,822

General and administrative
 
9

 
97

 
70

 
871

Total
 
$
64

 
$
401

 
$
147

 
$
4,353