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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Total Stock-Based Compensation

Total stock-based compensation was as follows:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

 

(in thousands)

 

Cost of product revenue

 

$

263

 

 

$

162

 

 

$

718

 

 

$

303

 

Research and development

 

 

1,686

 

 

 

631

 

 

 

4,343

 

 

 

1,769

 

Sales and marketing

 

 

3,051

 

 

 

913

 

 

 

7,693

 

 

 

2,309

 

General and administrative

 

 

2,387

 

 

 

1,140

 

 

 

6,295

 

 

 

2,727

 

Total stock-based compensation

 

$

7,387

 

 

$

2,846

 

 

$

19,049

 

 

$

7,108

 

Schedule of Option Activity under 2009 Plan and 2019 Plan

Stock Options

Option activity under the 2009 Plan and 2019 Plan is set forth below:

 

 

 

Shares

Available

for Grant

 

 

Number

of Shares

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Weighted-

Average

Remaining

Term

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in years)

 

 

(in thousands)

 

Balance, December 31, 2020

 

 

2,689,624

 

 

 

2,087,202

 

 

$

5.92

 

 

 

6.77

 

 

$

204,137

 

Awards authorized

 

 

1,040,530

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

—

 

 

 

(431,041

)

 

 

5.91

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

15,062

 

 

 

(15,062

)

 

 

9.33

 

 

 

 

 

 

 

 

 

Balance, September 30, 2021

 

 

3,745,216

 

 

 

1,641,099

 

 

$

5.88

 

 

 

5.98

 

 

$

328,212

 

Vested and exercisable, September 30, 2021

 

 

 

 

 

 

1,339,978

 

 

$

4.88

 

 

 

5.72

 

 

$

269,338

 

Vested and expected to vest, September 30, 2021

 

 

 

 

 

 

1,641,099

 

 

$

5.88

 

 

 

5.98

 

 

$

328,212

 

 

Schedule of RSU Activity under 2019 Plan

RSU activity under the 2019 Plan is set forth below:

 

 

 

Number

of Shares

 

 

Weighted-

Average

Grant Date

Fair Value

Per Share

 

Balance, December 31, 2020

 

 

859,577

 

 

$

48.50

 

RSUs granted

 

 

557,355

 

 

 

137.41

 

RSUs vested

 

 

(205,807

)

 

 

42.98

 

RSUs forfeited

 

 

(47,266

)

 

 

75.16

 

Balance, September 30, 2021

 

 

1,163,859

 

 

$

90.97