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Employee Incentive Plans (Tables)

6 Months Ended

Jun. 30, 2020

Stock-based compensation expense was as follows for the periods presented:



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
RSUs and PBRSUs	$	13,975	$	19,859	$	31,681	$	37,044
Stock options	229		560		652		1,275
ESPP	—		132		—		484
Total stock-based compensation expense	$	14,204	$	20,551	$	32,333	$	38,803

Schedule of Stock-based Compensation Expense Recorded in Condensed Consolidated Statement of Operations

The following table presents the Company’s stock-based compensation expense recorded in the Condensed Consolidated Statements of Operations:



	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Sales and marketing	$	731	$	1,540	$	2,394	$	3,111
Origination and servicing	722		846		1,358		1,770
Engineering and product development	2,668		5,475		7,283		10,706
Other general and administrative	10,083		12,690		21,298		23,216
Total stock-based compensation expense	$	14,204	$	20,551	$	32,333	$	38,803

Schedule of RSU Activity

The following table summarizes the activities for the Company’s RSUs during the first half of 2020:



	Number of Units		Weighted- Average Grant Date Fair Value
Unvested at December 31, 2019	9,597,404		$	16.78
Granted	10,047,445		$	9.56
Vested	(2,048,657	)	$	16.95
Forfeited/expired	(3,917,787	)	$	13.86
Unvested at June 30, 2020	13,678,405		$	12.29

Schedule of PBRSU Activity

The following table summarizes the activities for the Company’s PBRSUs during the first half of 2020:



	Number of Units		Weighted- Average Grant Date Fair Value
Unvested at December 31, 2019	471,589		$	16.94
Vested	(102,905	)	$	18.06
Forfeited/expired ⁽¹⁾	(203,400	)	$	16.70
Unvested at June 30, 2020	165,284		$	16.24

⁽¹⁾

Primarily relates to the portion of PBRSUs granted in 2018 and 2019 that were unearned as a result of not achieving certain pre-established performance metrics during the performance period.