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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summary of Company's Stock Option Activity

The following table summarizes the Company’s stock option activity under all equity plans during the year ended December 31, 2024:

 

 

Number of
Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at December 31, 2023

 

 

16,626,029

 

 

$

28.75

 

 

 

 

 

 

 

Granted

 

 

3,874,498

 

 

$

17.81

 

 

 

 

 

 

 

Exercised

 

 

(83,743

)

 

$

18.77

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(2,897,930

)

 

$

25.57

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

17,518,854

 

 

$

26.90

 

 

 

5.4

 

 

$

6,998

 

Exercisable at December 31, 2024

 

 

12,075,917

 

 

$

30.28

 

 

 

3.9

 

 

$

2,252

 

Summary of Company's RSU Activity

The following table summarizes the Company’s RSUs during the year ended December 31, 2024:

 

 

Number of
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Unvested at December 31, 2023

 

 

2,650,917

 

 

$

24.66

 

 

 

 

Granted

 

 

1,465,142

 

 

$

17.80

 

 

 

 

Vested

 

 

(928,071

)

 

$

26.75

 

 

 

 

Cancelled/forfeited

 

 

(474,488

)

 

$

22.29

 

 

 

 

Unvested at December 31, 2024

 

 

2,713,500

 

 

$

20.65

 

 

$

49,793

 

Summary of Company's PSU Activity

The following table summarizes the Company’s PSUs during the year ended December 31, 2024:

 

 

Number of
Shares

 

 

Weighted
Average Grant
Date Fair Value

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Unvested at December 31, 2023

 

 

1,734,828

 

 

$

26.68

 

 

 

 

Granted

 

 

615,743

 

 

$

21.82

 

 

 

 

Vested

 

 

(629,199

)

 

$

26.15

 

 

 

 

Cancelled/forfeited

 

 

(500,582

)

 

$

25.41

 

 

 

 

Unvested at December 31, 2024(1)

 

 

1,220,790

 

 

$

25.02

 

 

$

22,401

 

__________________________________________

(1) The unvested balance consisted of 148,643 RSUs that have an accelerated vesting clause based on specified market condition target and continued employment through a minimum vesting period, 488,976 PSUs that vest upon achievement of certain pre-defined company-specific performance-based targets and 583,171 that vest based on the Companys rTSR performance over a three-year measurement period.