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Preferred Stock and Convertible Preferred Stock | 12 Months Ended
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Dec. 31, 2021
Equity [Abstract] |
Preferred Stock and Convertible Preferred Stock | Preferred Stock and Convertible Preferred Stock Preferred Stock The Company’s board of directors has the authority to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series and to fix the designation, powers, preferences and rights of the shares of each series and any of its qualifications, limitations or restrictions, in each case without further vote or action by the Company’s stockholders. As of December 31, 2021, the Company had 200,000,000 shares authorized and no shares issued and outstanding of preferred stock. Convertible Preferred Stock Upon the Company’s IPO, all outstanding shares of Convertible Preferred Stock automatically converted into shares of Class A common stock. The following table summarizes the Convertible Preferred Stock outstanding as of December 31, 2020, and the rights and preferences of the Company’s designated series preceding its IPO. Authorized shares of Convertible Preferred Stock below do not include 1,026,008 of Founders Convertible Preferred Stock authorized as of December 31, 2020.
| December 31, 2020
| Shares Authorized |  | Shares Issued and Outstanding |  | Net Carrying Value |  | Aggregate Liquidation Preference
|  |  |  |  | ( In thousands)
Series A | 15,483,330 |  |  | 15,483,318 |  |  | $ | 6,081 |  |  | $ | 6,107 |
Series B | 12,180,448 |  |  | 12,180,443 |  |  | 10,642 |  |  | 10,975 |
Series B-1 | 8,382,809 |  |  | 8,382,807 |  |  | 9,927 |  |  | 10,000 |
Series C | 15,583,719 |  |  | 15,583,713 |  |  | 37,923 |  |  | 38,000 |
Series D | 33,334,113 |  |  | 31,643,142 |  |  | 111,302 |  |  | 112,732 |
Series D-1 | 4,317,726 |  |  | 548,032 |  |  | 2,158 |  |  | 2,158 |
Series E | 27,624,259 |  |  | 27,624,249 |  |  | 130,945 |  |  | 131,311 |
Series F | 10,190,666 |  |  | 9,906,980 |  |  | 76,247 |  |  | 76,558 |
| 127,097,070 |  |  | 121,352,684 |  |  | $ | 385,225 |  |  | $ | 387,841 |
In the first quarter of 2021, the Company issued an aggregate of 22,418,562 shares of Series G Convertible Preferred Stock at a price of $13.827822 per share for total proceeds of approximately $309.7 million, net of issuance costs. The shares are convertible into fully paid shares of Class A common stock on a one-for-one basis. In addition, in the first quarter of 2021, the Company’s board of directors approved a secondary sale of an aggregate of 334,341 shares of the Company’s Founders Convertible Preferred Stock at a price per share of $13.827822 to the new Series G investors, and upon the effectiveness of the sale, the shares sold were exchanged with the Company for an equal number of shares of Series G Convertible Preferred Stock. There were no proceeds to the Company in connection with the secondary sale of Founders Preferred Stock and related exchange into Series G Convertible Preferred Stock. The difference between the fair value of the Founders Convertible Preferred Stock prior to the exchange and the consideration received by the sellers has been recognized as incremental stock-based compensation expense of $1.2 million.

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- Definition The entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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