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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock-Based Compensation Expense

Stock-based compensation expense recorded in the condensed consolidated statements of operations was as follows (in thousands):

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Platform operations

 

$

5,950

 

 

$

5,015

 

Sales and marketing

 

 

16,525

 

 

 

13,684

 

Technology and development

 

 

22,393

 

 

 

16,094

 

General and administrative

 

 

80,027

 

 

 

17,561

 

Total

 

$

124,895

 

 

$

52,354

 

 

 

 

 

 

 

 

 

 

Summary of Stock Option Activity

The following summarizes stock option activity:

 

 

 

Shares

Under Option

(in thousands)

 

 

Weighted-

Average

Exercise Price

 

Outstanding as of December 31, 2021

 

 

18,984

 

 

$

15.14

 

Granted

 

 

122

 

 

 

81.37

 

Exercised

 

 

(2,395

)

 

 

10.19

 

Expired/forfeited

 

 

(247

)

 

 

39.93

 

Outstanding as of March 31, 2022

 

 

16,464

 

 

$

15.98

 

Exercisable as of March 31, 2022

 

 

11,803

 

 

$

9.29

 

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Activity

The following summarizes restricted stock activity:

 

 

 

RSU

(in thousands)

 

 

Weighted-

Average

Grant Date

Fair Value

 

Unvested as of December 31, 2021

 

 

5,597

 

 

$

51.54

 

Granted

 

 

884

 

 

 

77.10

 

Vested

 

 

(518

)

 

 

40.20

 

Forfeited

 

 

(266

)

 

 

57.35

 

Unvested as of March 31, 2022

 

 

5,697

 

 

$

56.27