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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2022

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, 2022:

		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, 2021			3,676				628			$	10.59				4.19			$	157,374
Granted			119				—			$	15.03				—			$	—
Exercised			(286	)			(10	)		$	13.13				—			$	—
Forfeited			(43	)			—			$	12.82				—			$	—
Outstanding at September 30, 2022			3,466				618			$	10.51				3.38			$	11,250

(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, 2021 and September 30, 2022, 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,
	2022				2021				2022				2021
	(in thousands)
Cost of revenue	$	2,745			$	9,132			$	8,040			$	14,635
Research and development		246,783				198,893				651,299				537,177
Sales and marketing		43,098				51,675				133,746				118,250
General and administrative		50,333				41,198				144,128				124,509
Total	$	342,959			$	300,898			$	937,213			$	794,571

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, 2022:

		Class A Outstanding				Weighted- Average Grant Date Fair Value
		(in thousands, except per share data)
Unvested at December 31, 2021			86,180			$	26.07
Granted			67,165			$	18.88
Vested			(40,756	)		$	20.81
Forfeited			(18,446	)		$	26.00
Unvested at September 30, 2022			94,143			$	23.23

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