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Stock-Based Compensation (Tables)
3 Months Ended
Sep. 30, 2021
Stock-Based Compensation  
Schedule of changes in the number of shares available for grant under equity incentive plans

    

Number of
Shares

Available for grant at July 1, 2021

10,312

RSUs granted

(523)

MSUs granted

(44)

Shares withheld in settlement of taxes and/or exercise price

250

Forfeitures

51

Shares removed

(45)

Available for grant at September 30, 2021

10,001

Schedule of stock-based compensation expense related to restricted stock units, market share units and the Employee Stock Purchase Plan

Three Months Ended September 30, 

    

2020

    

2021

Cost of revenues

$

1,832

$

2,607

Sales and marketing

 

3,880

 

5,159

Research and development

 

2,230

 

3,702

General and administrative

 

6,335

 

8,091

Total stock-based compensation expense

$

14,277

$

19,559

Schedule of stock option activity

Outstanding Options

    

    

    

Weighted

    

Weighted

average

average

remaining

Aggregate

Number of

exercise

contractual

intrinsic

shares

price

term (years)

value

Balance at July 1, 2021

 

765

$

16.06

 

2.4

$

133,550

Options exercised

(151)

$

9.46

Balance at September 30, 2021

 

614

$

17.69

2.3

$

161,112

Options vested and exercisable at September 30, 2021

 

614

$

17.69

2.3

$

161,112

Schedule of restricted stock unit activity

    

Units

    

Weighted
average
grant date
fair value

RSU balance at July 1, 2021

1,388

$

100.33

RSUs granted

523

$

250.22

RSUs vested

(524)

$

83.27

RSUs forfeited

(46)

$

135.51

RSU balance at September 30, 2021

1,341

$

164.71

RSUs expected to vest at September 30, 2021

1,226

$

162.92

Schedule of market share unit activity

    

Units

    

Weighted
average
grant date
fair value

MSU balance at July 1, 2021

58

$

178.04

MSUs granted

44

$

355.60

MSUs forfeited

(5)

$

178.04

MSU balance at September 30, 2021

97

$

257.87

Summary of the assumptions used for estimating the grant date fair value of MSUs

Three Months Ended

September 30,

    

2020

2021

Valuation assumptions:

Expected dividend yield

%

%

Expected volatility

52.0

%

47.5

%

Expected term (years)

3.04

3.04

Risk‑free interest rate

0.18

%

0.43

%