Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Summary of Stock Option Activity

The following table summarizes the stock option activity under the 2017 Plan for the period:

	Number of options			Weighted average exercise price per share		Weighted average remaining contractual term (years)		Aggregate  intrinsic value  (in millions)
Outstanding as of January 1, 2022		4,875,562		$	51.02		8.8
Granted		885,262		$	56.26
Exercised		(32,038	)	$	41.44
Forfeited		(57,726	)	$	51.16
Outstanding as of June 30, 2022		5,671,060		$	51.96		8.6	$	27.7
Exercisable as of June 30, 2022		1,037,227		$	40.58		7.9	$	12.8

Summary of Stock-Based Compensation

The stock-based compensation expense was recorded as follows (in thousands):

	Three Months Ended  June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Cost of revenue – software	$	2,030	$	1,222	$	3,933	$	2,380
Research and development		8,979		4,143		16,337		7,329
Sales and marketing		7,664		3,659		14,699		7,127
General and administrative		2,527		1,624		4,845		3,460
Total stock-based compensation expense	$	21,200	$	10,648	$	39,814	$	20,296

2017 Plan [Member]

Summary of Restricted Stock Units Awarded

The following table summarizes the restricted stock units, or RSUs, awarded under the 2017 Plan for the period:

	Number of RSUs
Outstanding as of January 1, 2022		1,281,411
Granted		435,614
Vested		(366,667	)
Forfeited		(19,008	)
Outstanding as of June 30, 2022		1,331,350