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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Summary of Stock Option Award Activity

The following table summarizes the stock option award activity under the Stock Plans during the nine months ended September 30, 2021:

		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, 2020			4,828				796			$	10.37				5.20			$	223,230
Granted			48				—			$	49.63				—			$	—
Exercised			(891	)			(66	)		$	12.30				—			$	—
Forfeited			(7	)			—			$	13.53				—			$	—
Outstanding at September 30, 2021			3,978				730			$	10.38				4.41			$	298,934

(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, 2020 and September 30, 2021, respectively.

Summary of Total Stock-based Compensation Expense

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

	Three Months Ended September 30,								Nine Months Ended September 30,
	2021				2020				2021				2020
	(in thousands)
Cost of revenue	$	9,132			$	2,623			$	14,635			$	6,471
Research and development		198,893				132,003				537,177				377,836
Sales and marketing		51,675				27,393				118,250				79,306
General and administrative		41,198				30,061				124,509				86,687
Total	$	300,898			$	192,080			$	794,571			$	550,300

Restricted Stock Units and Restricted Stock Awards

Summary of RSU and RSA Activity

Restricted Stock Units and Restricted Stock Awards

The following table summarizes the RSU and RSA activity during the nine months ended September 30, 2021:

		Class A Outstanding				Weighted- Average Grant Date Fair Value
		(in thousands, except per share data)
Unvested at December 31, 2020			131,172			$	15.10
Granted			18,168			$	59.13
Vested			(45,486	)		$	15.64
Forfeited			(7,980	)		$	15.04
Unvested at September 30, 2021			95,874			$	23.19

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