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Stockholders' Equity and Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2023

Stockholders Equity And Stock Based Compensation [Abstract]

Schedule of Shares of Common Stock Reserved for Future Issuance

As of September 30, 2023, shares of common stock reserved for future issuance were as follows (in thousands):


	September 30, 2023
Stock plans:
Outstanding stock options		9,839
Unvested performance stock units and restricted stock units		7,325
Reserved for ESPP		2,902
Reserved for future stock award grants		5,397
Total shares of common stock reserved for issuance		25,463

Summary of Stock Option Activity

Stock option activity under the Company’s equity incentive plans during the three months ended September 30, 2023 was as follows (in thousands, except per share data):


	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (1)
Balance as of June 30, 2023		10,137		$	10.42		5.5	$	319,250
Exercised		(229	)		10.14
Forfeited		(69	)		20.82
Balance as of September 30, 2023		9,839		$	10.35		5.2	$	228,001
Vested and exercisable as of September 30, 2023		9,221		$	9.73		5.0	$	219,371
Vested and expected to vest as of September 30, 2023		9,839		$	10.35		5.2	$	228,001

(1)

Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s common stock as of the end of the period, multiplied by the number of stock options outstanding.

Schedule of Performance Stock Unit Activity

Performance stock unit activity during the three months ended September 30, 2023 was as follows (in thousands, except per share data):


	Number of Shares			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2023		3,645		$	23.43
Granted		1,124			39.20
Vested		(412	)		23.95
Forfeited		(29	)		20.56
Balance as of September 30, 2023		4,328		$	27.49

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity during the three months ended September 30, 2023 was as follows (in thousands, except per share data):


	Number of Shares			Weighted- Average Grant Date Fair Value
Balance as of June 30, 2023		2,154		$	24.46
Granted		1,081			37.27
Vested		(163	)		22.14
Forfeited		(75	)		26.60
Balance as of September 30, 2023		2,997		$	29.15

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,
	2023		2022
Cost of revenues
Cost of SaaS and support	$	541	$	285
Cost of professional services		1,333		748
Research and development		4,646		2,134
Sales and marketing		5,339		5,753
General and administrative		6,898		6,848
Total stock-based compensation	$	18,757	$	15,768