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Equity (Tables)

3 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Common Stock Reserved for Issuance

The Company has shares of common stock reserved for issuance as follows (in thousands):

			June 30, 2023
Common stock warrants			641
2010 Plan
Options outstanding			18,367
2021 Plan
Awards outstanding			2,480
Shares available for future grant			40,500
2021 ESPP			8,182
Options outstanding outside the plans			2,655
Total			72,825

Stock Option Activity

Stock option activities within the Plans as well as outside of the Plans were as follows:

			Number of Shares (in thousands)						Weighted-Average Exercise Price						Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value (in thousands)
Balance, March 31, 2023			22,407						$	4.39					6.56						$	627,187
Options exercised			(1,251)						2.63
Options forfeited or expired			(134)						3.53
Balance, June 30, 2023			21,022						4.50						6.50						620,595
Vested and exercisable as of June 30, 2023			11,800						2.79						5.75						368,541
Vested and expected to vest as of June 30, 2023			20,248						4.41						6.46						599,564

Restricted Stock Unit Activity

The following table summarizes RSU activity (in thousands, except per share information):

			Number of Shares						Weighted- Average Grant Date Fair Value
Unvested balance, March 31, 2023			1,951						$	40.08
Granted			456						34.06
Vested			(180)						38.98
Forfeited			(50)						38.97
Unvested balance, June 30, 2023			2,177						38.94

Performance-Based Stock Unit Activity

The following table summarizes PSU activity (in thousands, except per share information):

			Number of Shares						Weighted- Average Grant Date Fair Value
Unvested balance, March 31, 2023			206						$	34.68
Granted			153						33.95
Forfeited			(56)						35.27
Unvested balance, June 30, 2023			303						34.20

Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows (in thousands):

									Three Months Ended June 30,
															2023						2022
Cost of revenue															$	2,461					$	2,122
Research and development															3,256						2,552
Sales and marketing															5,995						3,074
General and administrative															2,289						1,758
Total stock-based compensation expense															$	14,001					$	9,506

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