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Stock-Based Compensation (Tables) | 3 Months Ended
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Sep. 30, 2021
Stock-Based Compensation |
Schedule of changes in the number of shares available for grant under equity incentive plans | ​
​ | ​ | ​
​ |  | Number of Shares
Available for grant at July 1, 2021 | ​ | 10,312
RSUs granted | ​ | (523)
MSUs granted | ​ | (44)
Shares withheld in settlement of taxes and/or exercise price | ​ | 250
Forfeitures | ​ | 51
Shares removed | ​ | (45)
Available for grant at September 30, 2021 | ​ | 10,001
Schedule of stock-based compensation expense related to restricted stock units, market share units and the Employee Stock Purchase Plan | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30,
​ |  | 2020 |  | 2021
Cost of revenues | ​ | $ | 1,832 | ​ | $ | 2,607
Sales and marketing | ​ |  | 3,880 | ​ |  | 5,159
Research and development | ​ |  | 2,230 | ​ |  | 3,702
General and administrative | ​ |  | 6,335 | ​ |  | 8,091
Total stock-based compensation expense | ​ | $ | 14,277 | ​ | $ | 19,559
Schedule of stock option activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Outstanding Options
​ |  | ​ |  | ​ | ​ |  | Weighted |  | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | average | ​ | ​ | ​
​ | ​ | ​ | ​ | average | ​ | remaining | ​ | Aggregate
​ | ​ | Number of | ​ | exercise | ​ | contractual | ​ | intrinsic
​ | ​ | shares | ​ | price | ​ | term (years) | ​ | value
Balance at July 1, 2021 |  | 765 | ​ | $ | 16.06 |  | 2.4 | ​ | $ | 133,550
Options exercised | ​ | (151) | ​ | $ | 9.46 | ​ | ​ | ​ | ​ | ​
Balance at September 30, 2021 |  | 614 | ​ | $ | 17.69 | ​ | 2.3 | ​ | $ | 161,112
Options vested and exercisable at September 30, 2021 |  | 614 | ​ | $ | 17.69 | ​ | 2.3 | ​ | $ | 161,112
Schedule of restricted stock unit activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Units |  | Weighted average grant date fair value
RSU balance at July 1, 2021 | ​ | 1,388 | ​ | $ | 100.33
RSUs granted | ​ | 523 | ​ | $ | 250.22
RSUs vested | ​ | (524) | ​ | $ | 83.27
RSUs forfeited | ​ | (46) | ​ | $ | 135.51
RSU balance at September 30, 2021 | ​ | 1,341 | ​ | $ | 164.71
RSUs expected to vest at September 30, 2021 | ​ | 1,226 | ​ | $ | 162.92
Schedule of market share unit activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Units |  | Weighted average grant date fair value
MSU balance at July 1, 2021 | ​ | 58 | ​ | $ | 178.04
MSUs granted | ​ | 44 | ​ | $ | 355.60
MSUs forfeited | ​ | (5) | ​ | $ | 178.04
MSU balance at September 30, 2021 | ​ | 97 | ​ | $ | 257.87
Summary of the assumptions used for estimating the grant date fair value of MSUs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​
​ | ​ | September 30, | ​
​ |  | 2020 | ​ | ​ | 2021 | ​
Valuation assumptions: | ​ | ​ | ​ | ​ | ​ | ​
Expected dividend yield | ​ | — | % | ​ | — | %
Expected volatility | ​ | 52.0 | % | ​ | 47.5 | %
Expected term (years) | ​ | 3.04 | ​ | ​ | 3.04 | ​
Risk‑free interest rate | ​ | 0.18 | % | ​ | 0.43 | %

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