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Equity Awards and Instruments (Tables) | 3 Months Ended
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Mar. 31, 2022
Share-based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Expense | Total stock‑based compensation expense was as follows:
|  |  | Three Months Ended
|  |  | March 31,
|  |  |  |  | 2022 |  | 2021
Bonus Plan expense (see Note 11) |  |  |  |  | $ | 8,161 |  |  | $ | 6,124 |
Restricted stock and restricted stock units (“RSUs”) expense (1) |  |  |  |  | 5,365 |  |  | 1,497 |
Stock option expense |  |  |  |  | 756 |  |  | 998 |
ESPP expense (see Note 13) |  |  |  |  | 680 |  |  | 449 |
DCP elective participant deferrals expense (2) (see Note 12) |  |  |  |  | 137 |  |  | — |
Total stock-based compensation expense (3) |  |  |  |  | $ | 15,099 |  |  | $ | 9,068 |
(1)Includes acquisition‑related shares for the three months ended March 31, 2022 (see Note 4). (2)DCP elective participant deferrals expense excludes deferred incentive bonus payable pursuant to the Bonus Plan. (3)As of March 31, 2022 and December 31, 2021, $8,658 and $6,749 remained in Accruals and other current liabilities in the consolidated balance sheets, respectively. Total stock‑based compensation expense is included in the consolidated statements of operations as follows:
|  |  | Three Months Ended
|  |  | March 31,
|  |  |  |  | 2022 |  | 2021
Cost of subscriptions and licenses |  |  |  |  | $ | 385 |  |  | $ | 89 |
Cost of services |  |  |  |  | 383 |  |  | 243 |
Research and development |  |  |  |  | 5,395 |  |  | 3,955 |
Selling and marketing |  |  |  |  | 1,454 |  |  | 788 |
General and administrative |  |  |  |  | 7,482 |  |  | 3,993 |
Total stock-based compensation expense |  |  |  |  | $ | 15,099 |  |  | $ | 9,068 |
Schedule of Options | The following is a summary of stock option activity and related information under the Company’s applicable equity incentive plans:
|  |  |  |  | Weighted |  |
|  |  | Weighted |  | Average |  |
|  |  | Average |  | Remaining |  | Aggregate
| Stock |  | Exercise Price |  | Contractual |  | Intrinsic
| Options |  | Per Share |  | Life (in years) |  | Value
Outstanding, December 31, 2021 | 6,917,925 |  |  | $ | 5.26 |  |  |  |  |
Exercised | (1,715,908) |  |  | 4.42 |  |  |  |  |
Forfeited | (25,125) |  |  | 5.56 |  |  |  |  |
Outstanding, March 31, 2022 | 5,176,892 |  |  | $ | 5.54 |  |  | 1.6 |  | $ | 200,026 |
Exercisable, March 31, 2022 | 3,144,392 |  |  | $ | 5.55 |  |  | 1.6 |  | $ | 121,455 |
Schedule of Restricted Stock and Restricted Stock Unit Activity | The following is a summary of unvested restricted stock and RSU activity and related information under the Company’s applicable equity incentive plans:
|  |  |  |  |  |  | Time- |  | Performance-
|  |  |  |  |  |  | Based |  | Based
|  |  | Time- |  | Performance- |  | Weighted |  | Weighted
| Total |  | Based |  | Based |  | Average |  | Average
| Restricted |  | Restricted |  | Restricted |  | Grant Date |  | Grant Date
| Stock |  | Stock |  | Stock |  | Fair Value |  | Fair Value
| and RSUs |  | and RSUs |  | and RSUs |  | Per Share |  | Per Share
Unvested, December 31, 2021 | 1,708,545 |  |  | 1,611,862 |  |  | 96,683 |  | (4) | $ | 32.81 |  |  | $ | 49.93 |
Granted | 1,377,889 |  | (1) | 1,072,104 |  | (3) | 305,785 |  | (5) | 39.26 |  | 39.26
Vested | (95,877) |  |  | (4,707) |  |  | (91,170) |  | (4) | 44.20 |  |  | 49.93 |
Forfeited | (20,044) |  |  | (14,531) |  |  | (5,513) |  |  | 39.27 |  |  | 49.93 |
Unvested, March 31, 2022 | 2,970,513 |  | (2) | 2,664,728 |  |  | 305,785 |  |  | $ | 35.35 |  |  | $ | 39.26 |
(1)For the three months ended March 31, 2022, the Company only granted RSUs. (2)Includes 67,957 RSUs which are expected to be settled in cash. (3)Includes 199,076 time‑based RSUs granted during the three months ended March 31, 2022 to certain officers and key employees, which cliff vest on January 31, 2025. (4)Relates to the 2021 annual performance period. Total stock‑based compensation expense associated with these awards was fully recognized as of December 31, 2021. (5)Relates to the 2022 annual performance period, except for 185,186 performance‑based RSUs granted during the three months ended March 31, 2022 with extraordinary terms, which are described below.

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