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Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Cost

We recorded stock-based compensation expense in the following categories in the accompanying unaudited condensed consolidated statements of operations and balance sheets (in thousands):

			Three Months Ended March 31,
			2022						2021
Cost of revenue			$	277					$	59
Sales and marketing			3,125						207
Technology and development			4,298						526
General and administrative			14,165						3,150
Total stock-based compensation expense			21,865						3,942
Amount capitalized to internal-use software			481						13
Total stock-based compensation expense			$	22,346					$	3,955

Schedule of Stock Options Activity

Stock option activity for the three months ended March 31, 2022 is as follows (in thousands, except weighted-average exercise price and remaining contract life):

			Number of Options						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Life (in Years)						Aggregate Intrinsic Value
Outstanding at December 31, 2021			15,274						$	10.47					8.0						$	97,094
Granted			2,766						14.15
Exercised			(203)						1.15
Cancelled/forfeited			(6)						1.04
Outstanding at March 31, 2022			17,831						$	11.15					8.1						$	66,773
Vested and expected to vest at March 31, 2022			17,821						$	11.15					8.1						$	66,704
Exercisable at March 31, 2022			7,724						$	9.09					7.5						$	39,034

Schedule of Fair Value Assumptions and Techniques for Stock Options

The weighted-average assumptions that were used to calculate the grant-date fair value of our stock option grants using the Black-Scholes option pricing model were as follows:

			Three Months Ended March 31, 2022
Expected life (years)			5.6
Risk-free interest rate			2.6		%
Expected volatility			47.6		%
Expected dividend yield			—

Summary of Restricted Stock Unit Activity

Restricted Stock Units

Restricted stock unit, or RSU, activity for the three months ended March 31, 2022 is as follows (in thousands, except weighted-average grant-date fair value):

			Number of Units						Weighted- Average Grant- Date Fair Value
Unvested at December 31, 2021			3,577						$	21.52
Granted			4,910						14.15
Cancelled/forfeited			(131)						13.35
Vested			(398)						17.87
Unvested at March 31, 2022			7,958						$	17.29

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Tabular disclosure of employee stock purchase plan activity.

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