v3.20.1
Stockholder's Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Summary of Stock Options and SAR Activity
A summary of stock option and SAR activity for the three months ended March 31, 2020 is as follows (in millions, except share amounts which are reflected in thousands, per share amounts, and years):
 
 
SARs Outstanding Number of SARs
 
Options Outstanding Number of Shares
 
Weighted-Average Exercise Price Per Share
 
Weighted-Average Remaining Contractual Life (in years)
 
Aggregate Intrinsic Value
As of December 31, 2019
 
337

 
34,801

 
$
9.79

 
4.75
 
$
746

Granted
 

 
1,194

 
11.55

 
 
 
 
Exercised
 
(2
)
 
(4,490
)
 
3.06

 
 
 
 
Canceled and forfeited
 
(24
)
 
(220
)
 
21.14

 
 
 
 
As of March 31, 2020
 
311

 
31,285

 
$
10.72

 
4.68
 
$
599

Vested and expected to vest as of March 31, 2020
 
198

 
25,331

 
$
5.41

 
4.31
 
$
585

Exercisable as of March 31, 2020
 
198

 
25,331

 
$
5.41

 
4.31
 
$
585

Schedule of Restricted Stock Units Activity
The following table summarizes the activity related to the Company’s RSUs for the three months ended March 31, 2020 (in thousands, except per share amounts):
 
 
Number of Shares
 
Weighted-Average
Grant-Date Fair
Value per Share
Unvested and outstanding as of December 31, 2019
 
84,743

 
$
39.82

Granted
 
43,229

 
$
22.91

Vested
 
(8,949
)
 
$
41.49

Canceled and forfeited
 
(3,817
)
 
$
41.32

Unvested and outstanding as of March 31, 2020
 
115,206

 
$
34.03


Schedule of Stock-Based Compensation Expense by Function The following table summarizes total stock-based compensation expense by function for the three months ended March 31, 2019 and 2020 (in millions):
 
 
Three Months Ended March 31,
 
 
2019
 
2020
Operations and support
 
$
1

 
$
25

Sales and marketing
 
1

 
14

Research and development
 
3

 
167

General and administrative
 
6

 
71

Total
 
$
11

 
$
277