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Stock-Based Compensation (Tables) | 3 Months Ended
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Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Summary of Stock Option Activity | Stock option activity under the Company’s equity incentive plans during the three months ended September 30, 2021 was as follows:
|  | Number of Options |  |  | Weighted- Average Exercise Price |  |  | Weighted- Average Remaining Contractual Term (in years) |  |  | Aggregate Intrinsic Value (in thousands) |
Outstanding as of June 30, 2021 |  |  | 14,684,809 |  |  | $ | 10.11 |  |  |  | 7.3 |  |  | $ | 262,762 |
Granted |  |  | 91,410 |  |  |  | 33.42 |  |  |  |  |  |  |  |  |
Exercised |  |  | (372,753 | ) |  |  | 6.06 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (102,633 | ) |  |  | 12.96 |  |  |  |  |  |  |  |  |
Outstanding as of September 30, 2021 |  |  | 14,300,833 |  |  | $ | 10.34 |  |  |  | 7.2 |  |  | $ | 221,285 |
Vested and exercisable as of September 30, 2021 |  |  | 8,969,425 |  |  | $ | 7.33 |  |  |  | 6.1 |  |  | $ | 165,275 |
Unvested and early exercised as of September 30, 2021 |  |  | 150,000 |  |  | $ | 14.77 |  |  |  |  |  |  |  |  |
Vested and expected to vest as of September 30, 2021 |  |  | 14,450,833 |  |  | $ | 10.39 |  |  |  | 7.2 |  |  | $ | 222,933 |
Schedule of Performance Stock Unit Activity | Performance stock unit activity during the three months ended September 30, 2021 was as follows:
|  | Stock Awards Outstanding |  |  | Weighted- Average Grant Date Fair Value |
Balance as of June 30, 2021 |  |  | 3,950,000 |  |  | $ | 26.00 |
Granted |  |  | 163,527 |  |  |  | 38.18 |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Balance as of September 30, 2021 |  |  | 4,113,527 |  |  | $ | 26.48 |
Schedule of Restricted Stock Unit Activity | Restricted stock unit activity during the three months ended September 30, 2021 was as follows:
|  | Stock Awards Outstanding |  |  | Weighted- Average Grant Date Fair Value |
Balance as of June 30, 2021 |  |  | 46,150 |  |  | $ | 26.00 |
Granted |  |  | 522,751 |  |  |  | 38.03 |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Balance as of September 30, 2021 |  |  | 568,901 |  |  | $ | 37.05 |
Summary of Stock-Based Compensation Expense | The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands):
|  | Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Cost of revenues |  |  |  |  |  |  |  |
Cost of SaaS and support |  | $ | 168 |  |  | $ | 42 |
Cost of professional services |  |  | 580 |  |  |  | 204 |
Research and development |  |  | 4,350 |  |  |  | 1,026 |
Sales and marketing |  |  | 6,469 |  |  |  | 1,585 |
General and administrative |  |  | 7,461 |  |  |  | 2,239 |
Total stock-based compensation |  | $ | 19,028 |  |  | $ | 5,096 |
Summary of Fair Value of Stock Option Grants with Weighted-Average Assumptions | The calculated fair value of stock option grants was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:
|  | Three Months Ended September 30, |
|  | 2021 |  |  | 2020 |
Expected dividend yield |  |  | 0 | % |  |  | 0 | %
Risk-free interest rate |  |  | 1 | % |  |  | 0.3 | %
Expected volatility |  |  | 40 | % |  |  | 37 | %
Expected life (in years) |  |  | 6 |  |  |  | 6 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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