v3.24.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of RSU and RSA Award Activity
The following table summarizes the RSU and RSA activity during the year ended December 31, 2023:
Class A
Number of Shares
Weighted-
Average
Grant Date
Fair Value
(in thousands, except per share data)
Unvested at December 31, 2022132,392$18.28 
Granted148,701$10.41 
Vested(91,641)$15.71 
Forfeited(32,322)$15.90 
Unvested at December 31, 2023157,130$12.82 
Summary of Stock Option Award Activity
The following table summarizes the stock option award activity under the Stock Plans during the year ended December 31, 2023:
Class A
Number
of Shares
Class B
Number
of Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate Intrinsic Value (1)
(in thousands, except per share data)
Outstanding at December 31, 20222,589570$9.68 4.05$9,669 
Granted$— 
Exercised(599)(565)$0.89 
Forfeited(298)$14.27 
Outstanding at December 31, 20231,6925$14.90 4.41$5,225 
Exercisable at December 31, 20231,6925$14.90 4.41$5,225 
Vested and expected to vest at December 31, 20231,6925$14.90 4.41$5,225 
(1)The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing market price of our Class A common stock as of December 31, 2023 and December 31, 2022, respectively.
Summary of Total Stock-based Compensation Expense
Total stock-based compensation expense by function was as follows:
Year Ended December 31,
202320222021
(in thousands)
Cost of revenue$9,555 $12,288 $17,221 
Research and development893,026 970,746 740,130 
Sales and marketing255,688 203,092 164,241 
General and administrative165,735 201,661 170,543 
Total$1,324,004 $1,387,787 $1,092,135