Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Stock-Based Compensation

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

	Three Months Ended March 31,
	2022		2021
Cost of revenue – software	$	1,903	$	1,158
Research and development		7,358		3,186
Sales and marketing		7,035		3,468
General and administrative		2,318		1,836
Total stock-based compensation expense	$	18,614	$	9,648

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		227,803
Vested		(323,999	)
Forfeited		(10,006	)
Outstanding as of March 31, 2022		1,175,209

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		350,862		$	62.47
Exercised		(299	)	$	29.22
Forfeited		(23,355	)	$	49.37
Outstanding as of March 31, 2022		5,202,770		$	51.85		8.7	$	75.9
Exercisable as of March 31, 2022		106,826		$	47.38		7.7	$	1.8