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Stock-Based Compensation Expense (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense
Stock-based compensation expense for restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), stock options and purchase rights issued under our employee stock purchase plan was classified in the accompanying condensed consolidated statements of operations as follows:
 Three Months Ended March 31,
 20242023
 (in thousands)
Stock-based compensation expense:
Cost of revenue2,580 2,837 
Research and development7,566 10,505 
Sales and marketing6,847 7,843 
General and administrative7,900 8,188 
Total stock-based compensation expense$24,893 $29,373 
Summary of Restricted Stock and Restricted Stock Unit Activity RSUs and PSUs activity during the three months ended March 31, 2024 was as follows:
 Shares        Weighted-
Average Grant
Date Fair
Value
Unvested balance as of December 31, 20232,714,426 63.02 
Granted1,840,322 55.22 
Vested(325,113)61.01 
Forfeited(245,501)66.14 
Unvested balance as of March 31, 20243,984,134 $59.52 
Summary of Stock Option Activity The following tables summarizes information about stock option activity during the reporting periods:
Shares        Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual Life
(in years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding as of December 31, 2023716,270 12.26 1.97$32,115 
Granted— — 
Exercised(111,034)11.42 $4,450 
Forfeited/cancelled(450)7.73 
Outstanding as of March 31, 2024604,786 12.42 1.95$22,146 
Vested and exercisable as of March 31, 2024604,786 12.42 1.95$22,146