v3.20.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity:

 

 

 

Number Of

Options

Outstanding

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Life (in Years)

 

Balance—December 31, 2019

 

 

36,384,767

 

 

$

2.96

 

 

 

7.6

 

Options granted

 

 

14,600

 

 

$

41.19

 

 

 

 

 

Options exercised

 

 

(2,347,770

)

 

$

1.20

 

 

 

 

 

Options forfeited

 

 

(180,499

)

 

$

4.58

 

 

 

 

 

Balance—March 31, 2020

 

 

33,871,098

 

 

$

3.09

 

 

 

7.4

 

Exercisable—March 31, 2020

 

 

21,804,073

 

 

$

2.30

 

 

 

6.9

 

Summary of Activity for Unvested RSUs

The following table summarizes the activity for the Company's unvested RSUs:

 

 

 

Shares

 

 

Weighted-Average Fair Value

 

Balance—December 31, 2019

 

 

647,094

 

 

$

36.08

 

Granted

 

 

696,740

 

 

$

43.12

 

Vested

 

 

 

 

$

 

Forfeited/canceled

 

 

(27,610

)

 

$

38.32

 

Balance—March 31, 2020

 

 

1,316,224

 

 

$

39.76

 

Summary of Stock-based Compensation Expense

Stock-based compensation expense was included in the condensed consolidated statement of operations as follows (in thousands):

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Cost of revenue

 

$

231

 

 

$

99

 

Research and development

 

 

5,847

 

 

 

786

 

Sales and marketing

 

 

3,074

 

 

 

729

 

General and administrative

 

 

2,908

 

 

 

831

 

Stock-based compensation, net of amounts capitalized

 

 

12,060

 

 

 

2,445

 

Capitalized stock-based compensation expense

 

 

103

 

 

 

52

 

Total stock-based compensation expense

 

$

12,163

 

 

$

2,497