Stockholders' Equity

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity Common Stock. In connection with the IPO, the Amended and Restated Certificate of Incorporation provided for a dual class common stock structure, all outstanding shares of the Company’s common stock converted into an equivalent number of shares of its Class B common stock, and all shares of the convertible preferred stock then outstanding automatically converted into 3,359,195 shares of Class B common stock. The Class B common stock on the Company’s balance sheets presented is representative of its common stock prior to the inception of the dual class structure. Subsequent to the IPO, the Company has two classes of common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except for voting, transfer, and conversion rights. Each

share of Class A common stock is entitled to one vote. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock.

The Company had reserved shares of common stock for future issuance as follows:

	March 31, 2022	December 31, 2021
2011 Equity Incentive Plan
Options outstanding	12,855,847	13,506,662
Shares available for future grants	—	—
2021 Equity Incentive Plan
Options outstanding	1,543,320	1,433,520
RSUs outstanding	908,449	18,750
Shares available for future grants	4,621,192	3,880,274
2021 Employee Stock Purchase Plan
Shares available for future purchases	1,564,496	956,800
Total	21,493,304	19,796,006