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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Total stock-based compensation expense is recorded in the Condensed Consolidated Statements of Operations as follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Cost of revenue			$	737					$	18					$	753					$	42
Sales and marketing			12,317						119						12,416						425
Research and development			18,573						712						19,398						1,573
General and administrative			32,739						497						33,025						1,264
Total stock-based compensation			$	64,366					$	1,346					$	65,592					$	3,304

Schedule of Stock Options Roll Forward

A summary of the Company’s stock option activity under the 2012, 2014, and 2021 equity incentive plans (the “Plans”) is as follows (in thousands except weighted average information):

			Number of Options Outstanding						Weighted Average Exercise Price Per Share
Outstanding at December 31, 2020			19,373						$	2.09
Granted			114						2.00
Exercised			(7,132)						1.73
Forfeited/Canceled			(125)						3.96
Outstanding at June 30, 2021			12,230						$	2.28
Exercisable at June 30, 2021			10,844						$	2.01

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Tranche			Number of RSUs Eligible to Vest			Company Stock Price Target			Minimum Service Period (in years)
1			279,600			$67.61			1
2			279,600			$82.63			2
3			279,600			$102.66			3
4			279,600			$127.70			4
5			279,600			$157.75			5

Schedule of Nonvested Restricted Stock Units Activity

A summary of the Company’s RSU activity for the six months ended June 30, 2021 is as follows (in thousands, except weighted average information):

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Unvested at December 31, 2020			5,451						$	5.75
Granted			3,010						19.85
Vested			(2,278)						7.77
Forfeited/Canceled			(206)						6.60
Unvested at June 30, 2021			5,977						$	14.08

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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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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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