The Company’s 2013 Stock Incentive Plan (as amended, the “2013 Equity Plan”) authorizes the issuance of various types of share-based awards to the Company’s employees, officers, directors, and other eligible participants. As of June 30, 2020, a total of 2,300,000 shares of the Company’s class A common stock were authorized for issuance under the 2013 Equity Plan. As of June 30, 2020, there were 499,638 shares of class A common stock reserved and available for future issuance under the 2013 Equity Plan.

As of June 30, 2020, there were options to purchase 1,480,533 shares of class A common stock outstanding under the 2013 Equity Plan.

The following table summarizes the Company’s stock option activity (in thousands, except per share data and years) for the three months ended June 30, 2020:

	Stock Options Outstanding
				Weighted Average		Aggregate		Weighted Average
				Exercise Price		Intrinsic		Remaining Contractual
	Shares			Per Share		Value		Term (Years)
Balance as of April 1, 2020		1,601		$	141.41
Granted		20		$	124.48
Exercised		(12	)	$	127.93	$	24
Forfeited/Expired		(128	)	$	146.13
Balance as of June 30, 2020		1,481		$	140.88
Exercisable as of June 30, 2020		910		$	138.40	$	0		4.9
Expected to vest as of June 30, 2020		571		$	144.82	$	0		8.8
Total		1,481		$	140.88	$	0		6.4

Stock options outstanding as of June 30, 2020 are comprised of the following range of exercise prices per share (in thousands, except per share data and years):

	Stock Options Outstanding at June 30, 2020
			Weighted Average		Weighted Average
			Exercise Price		Remaining Contractual
Range of Exercise Prices per Share	Shares		Per Share		Term (Years)
$119.02 - $140.00		903	$	125.43		5.5
$140.01 - $160.00		333	$	151.60		9.4
$160.01 - $180.00		95	$	169.07		4.8
$180.01 - $201.25		150	$	192.25		6.1
Total		1,481	$	140.88		6.4

An aggregate of 23,750 stock options with an aggregate fair value of $1.4 million vested during the three months ended June 30, 2020. The weighted average grant date fair value of stock option awards using the Black-Scholes pricing model was $42.50 and $48.84 for each share subject to a stock option granted during the three months ended June 30, 2020 and 2019, respectively, based on the following assumptions:

	Three months ended
	June 30,
	2020			2019
Expected term of options in years	6.3				6.3
Expected volatility		34.4	%		33.2% - 33.3%
Risk-free interest rate		0.4	%		2.0% - 2.3%
Expected dividend yield		0.0	%			0.0	%

For the three and six months ended June 30, 2020, the Company recognized approximately $2.2 million and $5.4 million, respectively, in share-based compensation expense from stock options granted under the 2013 Equity Plan. For the three and six months ended June 30, 2019, the Company recognized approximately $3.0 million and $6.0 million, respectively, in share-based compensation expense from stock options granted under the 2013 Equity Plan. As of June 30, 2020, there was approximately $25.8 million of total unrecognized share-based compensation expense related to unvested stock options. The Company expects to recognize this remaining share-based compensation expense over a weighted average vesting period of approximately 2.8 years.

During the three months ended June 30, 2020, the Company did not grant any “other stock-based awards” under the 2013 Equity Plan. For each of the three and six months ended June 30, 2020 and 2019, the Company did not recognize a material amount of share-based compensation expense from other stock-based awards. As of June 30, 2020, there was approximately $0.2 million of total unrecognized share-based compensation expense related to other stock-based awards. The Company expects to recognize this remaining share-based compensation expense over a weighted average vesting period of approximately 1.9 years, subject to additional fair value adjustments through the earlier of settlement or expiration.