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Shareholders' Equity and Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity

A summary of share option activity under the Company’s equity incentive plans and related information is as follows:

 

 

Options Outstanding

 

 

 

Outstanding
Share Options

 

 

Weighted-Average Exercise
Price

 

 

Weighted-Average Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

 

 

(in thousands, except share, life and per share data)

 

Balance as of December 31, 2020

 

 

13,075,489

 

 

$

6.50

 

 

 

6.8

 

 

$

736,478

 

Granted

 

 

30,000

 

 

$

65.96

 

 

 

 

 

 

 

Exercised

 

 

(1,826,006

)

 

$

1.97

 

 

 

 

 

$

96,474

 

Forfeited

 

 

(269,020

)

 

$

15.36

 

 

 

 

 

 

 

Balance as of June 30, 2021

 

 

11,010,463

 

 

$

7.20

 

 

 

6.5

 

 

$

422,309

 

Exercisable as of June 30, 2021

 

 

5,287,820

 

 

$

2.49

 

 

 

5.0

 

 

$

227,536

 

Summary of restricted ordinary shares

A summary of restricted share unit (“RSU”) activity and related information under the Company's equity incentive plan and a stand-alone RSU award to the Company's Chief Executive Officer in August 2020 is as follows:

 

 

RSUs

 

 

 

Unvested RSUs

 

 

Weighted-Average
Grant Date Fair
Value Per Share

 

Unvested as of December 31, 2020

 

 

818,945

 

 

$

48.38

 

Granted

 

 

1,198,082

 

 

$

54.40

 

Canceled/forfeited

 

 

(122,800

)

 

$

65.07

 

Unvested as of June 30, 2021

 

 

1,894,227

 

 

$

51.11

 

Summary of ordinary shares reserved for future issuance

The Company has the following ordinary shares reserved for future issuance:

 

 

June 30, 2021

 

Outstanding share options

 

 

11,010,463

 

Outstanding RSUs

 

 

1,894,227

 

Issuable ordinary shares related to business combinations

 

 

99,649

 

Shares available for future issuance under the 2020 Plan

 

 

14,435,862

 

Shares available for future issuance under ESPP

 

 

3,022,570

 

Total ordinary shares reserved

 

 

30,462,771

 

Summary of stock-based compensation expense

The share-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

824

 

 

$

199

 

 

$

1,586

 

 

$

339

 

Research and development

 

 

2,680

 

 

 

930

 

 

 

4,509

 

 

 

1,696

 

Sales and marketing

 

 

3,522

 

 

 

1,097

 

 

 

6,245

 

 

 

1,770

 

General and administrative

 

 

7,078

 

 

 

557

 

 

 

13,514

 

 

 

934

 

Total share-based compensation expense

 

$

14,104

 

 

$

2,783

 

 

$

25,854

 

 

$

4,739