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Stock-Based Compensation (Tables)

3 Months Ended

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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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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