Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s stock option activity for the six months ended June 30, 2021 was as follows:

	Number of Common Stock Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value (In Thousands)
Outstanding as of December 31, 2020	16,188,071	$	1.67
Granted	—	—
Exercised	(1,911,041)	1.67
Forfeited	(634,597)	1.67
Outstanding as of June 30, 2021	13,642,433	1.71		8.54	$	276,084

Schedule of Restricted Stock Awards Activity

Restricted stock awards activity for the six months ended June 30, 2021 was as follows:

	Shares	Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2020	1,815,891	$	1.15
Granted	—	—
Forfeited	(89,063)	1.14
Vested	(595,799)	0.96
Outstanding as of June 30, 2021	1,131,029	1.16

Schedule of Restricted Stock Units Activity

A summary of the Company’s restricted stock units activity for the six months ended June 30, 2021 was as follows:

	Shares	Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2020	—	$	—
Granted	6,015,840	21.64
Forfeited	(66,717)	22.14
Vested	(187,225)	23.76
Outstanding as of June 30, 2021	5,761,898	22.46

Schedule of Stock-based Compensation Expense by Function

Stock-based compensation expense by function was as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Cost of sales	$	1,127	$	82	$	1,210	$	154
Research and development	5,663		632		6,425		1,067
Sales and marketing	934		102		1,120		184
General and administrative	6,806		1,468		7,612		2,008
Total	$	14,530	$	2,284	$	16,367	$	3,413