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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Stock Option Activity
Stock option activity during the six months ended June 30, 2023, was as follows (in thousands, except per share amounts):
Stock Options Outstanding
SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term
Aggregate Intrinsic
Value (1)
(in years)
Outstanding as of December 31, 202215,799$13.25 6.1$174,165 
Exercised (1,275)2.63 
Outstanding as of June 30, 202314,524$14.18 6.0$190,996 
Exercisable as of June 30, 20237,433$8.64 3.2$139,004 
(1)We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date.
Restricted Stock Unit Activity
RSU and RSA activity during the six months ended June 30, 2023, was as follows (in thousands, except per share amounts):
Restricted Stock Units and Restricted Stock Awards Outstanding
SharesWeighted Average Grant Date Fair Value
Outstanding as of December 31, 202254,518$25.46 
Granted 20,35824.50 
Released(14,308)24.68 
Forfeited(4,650)24.06 
Outstanding as of June 30, 202355,918$25.43 
Share-Based Compensation Expense
Share-based compensation expense during the three and six months ended June 30, 2023 and 2022, was as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Cost of revenue $2,740 $1,417 $5,049 $2,611 
Research and development108,580 81,436 202,845 134,326 
Sales and marketing26,398 18,501 45,587 30,270 
General and administrative 31,912 16,059 59,271 23,446 
Total share-based compensation $169,630 $117,413 $312,752 $190,653