v3.22.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2022
Summary of Stock Option Award Activity

The following table summarizes the stock option award activity under the Stock Plans during the six months ended June 30, 2022:

 

 

 

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, 2021

 

 

3,676

 

 

 

628

 

 

$

10.59

 

 

 

4.19

 

 

$

157,374

 

Granted

 

 

—

 

 

 

—

 

 

$

—

 

 

 

—

 

 

$

—

 

Exercised

 

 

(260

)

 

 

(10

)

 

$

13.60

 

 

 

—

 

 

$

—

 

Forfeited

 

 

(12

)

 

 

—

 

 

$

20.50

 

 

 

—

 

 

$

—

 

Outstanding at June 30, 2022

 

 

3,404

 

 

 

618

 

 

$

10.36

 

 

 

3.64

 

 

$

16,111

 

 

(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, 2021 and June 30, 2022, respectively.

 
Summary of Total Stock-based Compensation Expense

Total stock-based compensation expense by function was as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

(in thousands)

 

Cost of revenue

$

2,849

 

 

$

2,847

 

 

$

5,295

 

 

$

5,503

 

Research and development

 

221,650

 

 

 

174,491

 

 

 

404,516

 

 

 

338,284

 

Sales and marketing

 

48,577

 

 

 

37,491

 

 

 

90,648

 

 

 

66,575

 

General and administrative

 

45,734

 

 

 

41,771

 

 

 

93,795

 

 

 

83,311

 

Total

$

318,810

 

 

$

256,600

 

 

$

594,254

 

 

$

493,673

 
Restricted Stock Units and Restricted Stock Awards  
Summary of RSU and RSA Activity

Restricted Stock Units and Restricted Stock Awards

The following table summarizes the RSU and RSA activity during the six months ended June 30, 2022:

 

 

 

Class A

Outstanding

 

 

Weighted-

Average

Grant Date

Fair Value

 

 

 

(in thousands, except per share data)

 

Unvested at December 31, 2021

 

 

86,180

 

 

$

26.07

 

Granted

 

 

39,762

 

 

$

23.54

 

Vested

 

 

(25,744

)

 

$

20.44

 

Forfeited

 

 

(5,875

)

 

$

26.77

 

Unvested at June 30, 2022

 

 

94,323

 

 

$

26.50