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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Activity Under the Plan

The following table summarizes the stock option activity for the period ended September 30, 2021:

			Number of Options Outstanding						Weighted- Average Exercise Price Per Share						Weighted- Average Remaining Contractual Life (years)						Aggregate Intrinsic Value (in thousands)
Balances as of December 31, 2020			51,379,939						$	0.56					7.2						$	46,516
Retroactive application of recapitalization			(40,314,281)						2.05						—						—
Adjusted Balance as of December 31, 2020			11,065,658						2.61						7.2						46,516
Options granted			1,043,948						28.80
Options exercised			(2,842,564)						1.72
Options forfeited			(101,141)						14.03
Balances as of September 30, 2021			9,165,901						$	2.32					7.1						$	171,226
Options vested and exercisable — September 30, 2021			6,133,879						$	2.32					6.2						$	132,327

Schedule of Restricted Stock Activity

The following table summarizes the RSU activity for the period ended September 30, 2021:

			Number of RSUs Outstanding						Weighted- Average Grant Date Fair Value Per Share
Balances as of December 31, 2020			—						$	—
RSUs granted			1,759,077						36.21
RSUs vested			—						—
RSUs forfeited			—						—
Balances as of September 30, 2021			1,759,077						$	36.21

Stock-based Compensation Expense

The following table summarizes stock-based compensation expense recorded in each component of operating expenses in the Company’s consolidated statements of operations and comprehensive loss (in thousands):

			Three Months Ended September 30,									Nine Months Ended September 30,
			2021						2020			2021						2020
Sales and marketing			$	723					$	(24)		$	975					$	196
Research and development			965						33			1,384						519
General and administrative			4,511						486			5,624						712
Total stock-based compensation expense			$	6,199					$	495		$	7,983					$	1,427

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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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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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