XML 53 R34.htm IDEA: XBRL DOCUMENT v3.22.4
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Outstanding Restricted Stock Awards Activity A summary of RSUs activity is as follows: (in thousands, except share and per share data):
Number of Restricted Stock UnitsWeighted
Average
Grant Date
Fair Value
Aggregate Intrinsic Value
Balances at December 31, 20217,323,404 $60.15 $690,304 
Granted13,253,080 23.08 
Vested(3,559,045)56.59 
Cancelled(1,400,696)57.64 
Balances at December 31, 202215,616,743 $29.87 $164,444 
Schedule of Weighted Average Assumptions Used
The weighted-average assumptions used to estimate the fair value of shares to be issued under the ESPP are as follows:
Year Ended December 31,
2022
Weighted-average expected term1.25
Expected volatility62 %
Risk-free interest rate3.35 %
Dividend yield%
The weighted-average assumptions used to estimate the fair value of stock options granted are as follows:
Year Ended December 31,
20212020
Weighted-average expected term5.215.94
Expected volatility43 %39 %
Risk-free interest rate0.48 %0.56 %
Dividend yield%%
Schedule of Stock Options Activity Under the Plan
The Company’s stock options activity under the 2011 Plan was as follows:
Number of
Options
Weighted
Average
Exercise
Price Per
Share
Weighted
Average
Remaining
Contractual
Term (Years)
Balances at December 31, 202118,403,704 $6.39 7.9
Granted— — 
Exercised(4,439,387)6.17 
Forfeited(1,248,513)7.37 
Expired— — 
Balances at December 31, 202212,715,804 $6.38 6.8
Vested and exercisable at December 31, 202210,057,658 $5.99 6.7
Vested and expected to vest at December 31, 202211,459,032 $6.78 6.9
Schedule of Stock-based Payment Arrangement Expenses
The Company recognized stock-based compensation expense for all equity awards for the periods indicated as follows (in thousands):
Year Ended December 31,
202220212020
Cost of revenue$6,307 $2,335 $982 
Sales and marketing41,533 15,224 10,668 
Research and development94,319 63,344 36,852 
General and administrative49,453 52,274 13,885 
Total stock-based compensation expense$191,612 $133,177 $62,387