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Stockholders Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Share-based Payment Arrangement, Option, Activity

The following table summarizes the option award activity for the nine months ended September 30, 2023 (in thousands, except share price, fair value and term):

			Number of Options																		Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value (in thousands)
			Total						Service based						Performance- based
Outstanding at December 31, 2022			22,820						15,504						7,316						$	16.83					6.34						$	51,157
Exercised			(1,688)						(1,165)						(523)						$	11.63
Forfeited or expired			(1,348)						(1,062)						(286)						$	22.15
Outstanding at September 30, 2023			19,784						13,277						6,507						$	16.91					5.64						$	89,018

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes RSU and PSU activity and related information during the nine months ended September 30, 2023 under the 2021 Plan (in thousands, except share price):

			Number of Shares						Weighted-Average Grant Date Fair Value
Unvested and outstanding as of December 31, 2022						17,346									$	22.95
Granted			10,340						17.51
Vested			(5,154)						22.16
Forfeited			(1,815)						23.05
Unvested and outstanding as of September 30, 2023			20,717						$	20.40

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

The stock-based compensation for the periods indicated below are as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Cost of revenues			$	8,764					$	5,247					$	25,074					$	15,064
Research and development			16,671						10,329						47,003						29,750
Sales and marketing			16,317						10,500						45,854						28,072
General and administrative			14,756						8,079						44,127						25,102
Total stock-based compensation			$	56,508					$	34,155					$	162,058					$	97,988

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following table summarizes the weighted-average assumptions used in estimating the fair value of the ESPP using the Black-Scholes pricing model:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
ESPP:
Expected term (in years)			0.5 - 1.0						0.5 - 1.0						0.5 - 1.0						0.5 - 1.0
Expected volatility			36.2% - 39.4%						42.4% - 45.2%						36.2% - 48.5%						34.8% - 45.2%
Risk-free interest rate			5.4% - 5.5%						3.3% - 3.5%						5.1% - 5.5%						0.6% - 3.5%
Expected dividend yield			—		%				—		%				—%						—%
Fair value of common stock			$21.14						$21.55						$17.06 - $21.14						$20.05 - $21.55

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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