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Net Loss per Share Attributable to Common Stockholders | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Net Loss per Share Attributable to Common Stockholders | Net Loss per Share Attributable to Common Stockholders The Company computes net loss per share for periods prior to the Conversion using the two-class method required for multiple classes of common stock and participating securities. Prior to the Conversion, shares of Class A and Class B were the only outstanding equity in the Company. The rights of the holders of the Class A common stock and Class B common stock were identical, except with respect to voting and conversion. Accordingly, the Class A common stock and Class B common stock shared equally in the Company’s net losses. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. The diluted net loss per share attributable to commo n stockholders is computed by giving effect to all potentially dilutive common stock equivalents during the period. For purposes of this calculation, the Company’s stock options, share purchase rights pursuant to the Company’s ESPP, and unv ested restricted stock are considered to be potential common stock equivalents, but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive. As discussed above in Note 12, on July 6, 2023, all of the Company’s then-outstanding shares of Class B common stock, par value $0.0001 per share, were automatically converted into the same number of shares of Class A common stock, par value $0.0001 per share, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. No additional shares of Class B common stock will be issued following the conversion. In addition, on July 7, 2023, the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware effecting the retirement of the shares of Class B common stock that were issued but no longer outstanding following the Conversion. Prior to the Conversion, the rights of the holders of the Class A common stock and Class B common stock were identical, except with respect to voting, transfer and conversion. As the liquidation and dividend rights were identical, the Company’s undistributed earnings or losses were allocated on a proportionate basis among the holders of Class A and Class B common stock. As a result, the net loss per share attributed to common stockholders was, therefore, the same for both Class A and Class B common stock on an individual or combined basis. The following table presents the calculation of basic and diluted net loss per share (in thousands, except share and per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Numerator: | Class A |  | Class B |  | Class A |  | Class B |  | Class A |  | Class B |  | Class A |  | Class B
Net loss attributable to common stockholders | $ | (15,744) |  |  | $ | (311) |  |  | $ | (5,865) |  |  | $ | (6,935) |  |  | $ | (34,406) |  |  | $ | (13,099) |  |  | (14,185) |  |  | $ | (22,720) |
Denominator for basic and diluted net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders – basic and diluted | 35,953,930 |  | 711,265 |  | 14,659,262 |  | 17,335,129 |  | 25,534,082 |  | 9,721,590 |  | 12,009,620 |  | 19,235,449
Net loss per share attributable to common stockholders – basic and diluted | $ | (0.44) |  |  | $ | (0.44) |  |  | $ | (0.40) |  |  | $ | (0.40) |  |  | $ | (1.35) |  |  | $ | (1.35) |  |  | $ | (1.18) |  |  | $ | (1.18) |
Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential common shares outstanding would have been antidilutive. The potential shares of common stock that were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented are as follows:
|  | September 30,
|  | 2023 |  | 2022
RSUs |  | 5,813,510 |  |  | 2,238,357 |
Stock options |  | 10,098,490 |  |  | 12,982,199 |
Shares issuable pursuant to the ESPP |  | 290,427 |  |  | 300,785 |
Total |  | 16,202,427 |  |  | 15,521,341 |

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