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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
Summary of Stock Option Award Activity

The following table summarizes the stock option award activity under the Stock Plans during the three months ended March 31, 2019:

 

 

 

Class A

Number

of Shares

 

 

Class B

Number

of Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term

(in years)

 

 

Aggregate

Intrinsic

Value(1)

 

 

 

(in thousands, except per share data)

 

Outstanding at December 31, 2018

 

 

13,322

 

 

 

2,969

 

 

$

7.83

 

 

 

6.41

 

 

$

34,567

 

Granted

 

 

 

 

 

 

 

$

 

 

 

 

 

$

 

Exercised

 

 

(1,260

)

 

 

(651

)

 

$

2.93

 

 

 

 

 

$

 

Forfeited

 

 

(969

)

 

 

(29

)

 

$

13.58

 

 

 

 

 

$

 

Outstanding at March 31, 2019

 

 

11,093

 

 

 

2,289

 

 

$

8.10

 

 

 

5.98

 

 

$

61,054

 

 

(1)

The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our Class A common stock as of December 31, 2018 and March 31, 2019, respectively.

 

Summary of Total Stock-based Compensation Expense

Total stock-based compensation expense by function was as follows:

 

 

Three Months Ended March 31,

 

 

2019

 

 

2018

 

 

(in thousands)

 

Cost of revenue

$

1,849

 

 

$

276

 

Research and development

 

112,242

 

 

 

77,815

 

Sales and marketing

 

17,760

 

 

 

16,185

 

General and administrative

 

30,705

 

 

 

38,982

 

Total

$

162,556

 

 

$

133,258

 

Restricted Stock Units  
Summary of RSU and RSA Award Activity

Restricted Stock Units

The following table summarizes the RSU activity during the three months ended March 31, 2019:

 

  

 

Class A

Outstanding

RSUs

 

 

Class B

Outstanding

RSUs

 

 

Weighted-

Average

Grant Date

Fair Value

per RSU

 

 

 

(in thousands, except per share data)

 

Unvested at December 31, 2018

 

 

149,638

 

 

 

492

 

 

$

13.34

 

Granted

 

 

50,941

 

 

 

 

 

$

8.50

 

Vested

 

 

(14,343

)

 

 

(382

)

 

$

13.93

 

Forfeited

 

 

(11,496

)

 

 

(1

)

 

$

13.32

 

Unvested at March 31, 2019

 

 

174,740

 

 

 

109

 

 

$

11.89

 

 

Restricted Stock Awards  
Summary of RSU and RSA Award Activity

The following table summarizes the RSA activity during the three months ended March 31, 2019:

 

  

 

 

 

Class A

Outstanding

RSAs

 

 

Weighted-

Average

Grant Date

Fair Value

per RSA

 

 

 

 

 

(in thousands, except per share data)

 

Unvested at December 31, 2018

 

 

 

 

8,134

 

 

$

7.51

 

Granted

 

 

 

 

 

 

$

 

Vested

 

 

 

 

(546

)

 

$

8.44

 

Forfeited

 

 

 

 

(1,115

)

 

$

5.58

 

Unvested at March 31, 2019

 

 

 

 

6,473

 

 

$

7.77