XML 149 R119.htm IDEA: XBRL DOCUMENT v3.21.2
MEZZANINE EQUITY, COMMON STOCK AND STOCKHOLDERS’ DEFICIT - NARRATIVE (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
USD ($)
holder
director
vote
tranche
$ / shares
shares
Jun. 30, 2021
USD ($)
holder
director
vote
tranche
$ / shares
shares
May 31, 2021
$ / shares
shares
Mar. 31, 2021
employee
$ / shares
Nov. 30, 2019
employee
Jun. 30, 2021
USD ($)
holder
director
vote
tranche
$ / shares
shares
Jun. 30, 2020
USD ($)
Jun. 30, 2021
USD ($)
holder
director
vote
tranche
$ / shares
shares
Jun. 30, 2020
USD ($)
Dec. 31, 2020
USD ($)
holder
vote
director
$ / shares
shares
Dec. 31, 2019
USD ($)
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Common stock, number of elected directors entitled to holders | director 4 4       4   4   4  
Number of holders entitled to matters before the board of directors | holder 2 2       2   2   2  
Number of votes on matters before the board of directors | vote 2 2       2   2   2  
Number of voting rights per share | vote 1 1       1   1   1  
Capitalized share-based compensation expense           $ 100,000 $ 300,000 $ 100,000 $ 600,000 $ 600,000 $ 700,000
2013 and 2020 Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares of common stock authorized (in shares) | shares 209,809,164 209,809,164       209,809,164   209,809,164      
Aggregate shares of common stock sold (in shares) | shares               46,928,833      
Common stock reserved for issuance (in shares) | shares               149,733,898      
2020 Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares of common stock authorized (in shares) | shares                   154,289,164  
Shares remaining available for issuance (in shares) | shares 13,146,433 13,146,433       13,146,433   13,146,433   14,022,717  
2021 Plan                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Percentage of shares reserved for issuance under equity incentive plan               14.00%      
Annual increase as a percentage of outstanding shares               5.00%      
ESPP                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Shares of common stock authorized (in shares) | shares 200,000,000 200,000,000       200,000,000   200,000,000      
Annual increase as a percentage of outstanding shares   1.00%                  
Maximum payroll deduction for ESPP, percentage 15.00% 15.00%       15.00%   15.00%      
ESPP purchase price discount, percentage   85.00%                  
Percentage of shares outstanding after close of offering   2.00%                  
Dividend Declared                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Dividends $ 0 $ 0       $ 0   $ 0   $ 0  
Dividend Paid                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Dividends 0 0       0   $ 0   $ 0  
Stock options                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Exercisable, period (up to)               10 years   10 years  
Vesting rate, percentage               25.00%   25.00%  
Vesting period               4 years   4 years  
Unrecognized compensation cost 4,900,000 4,900,000       4,900,000   $ 4,900,000   $ 7,800,000  
Unrecognized compensation cost related to outstanding stock options, weighted-average period               11 months 8 days   1 year 2 months 19 days  
Number of employees affected | employee         125            
Qualifying liquidity event, share-based compensation expense                   $ 1,300,000  
Incremental share-based compensation expense                   $ 1,800,000 $ 800,000
Stock options | Share-based Payment Arrangement, Tranche One                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting period               1 year   1 year  
RSUs                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Exercisable, period (up to)               7 years   7 years  
Vesting rate, percentage                   25.00%  
Vesting period     8 years 1 year           4 years  
Granted (in shares) | shares     35,520,000         22,899,989   27,492,086 27,663,658
Granted, Weighted-average grant date fair value (in dollars per share) | $ / shares     $ 22.68         $ 40.88   $ 12.90 $ 0.29
Weighted-average incremental fair value (in dollars per share) | $ / shares                     21.95
Unrecognized compensation cost $ 1,800,000,000 $ 1,800,000,000       $ 1,800,000,000   $ 1,800,000,000   $ 517,700,000  
Number of employees affected | employee       500              
Modified grant date fair value (in dollars per share) | $ / shares $ 26.12 $ 26.12   $ 39.75   $ 26.12   $ 26.12   $ 10.84 8.17
RSUs | 2019                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized share-based compensation expense, including incremental expense due to modification $ 615,200,000 $ 615,200,000       $ 615,200,000   $ 615,200,000      
Incremental share-based compensation expense               $ 411,300,000      
Remaining weighted-average service period               1 year 3 months 10 days      
RSUs | 2019 | Pro Forma                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Qualifying liquidity event, share-based compensation expense 203,900,000                    
RSUs | 2021                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation cost $ 805,500,000 $ 805,500,000       $ 805,500,000   $ 805,500,000      
Incremental share-based compensation expense               $ 787,300,000      
Remaining weighted-average service period               4 years 2 months 23 days      
Requisite service period               4 years 3 months 29 days      
Number of tranches | tranche 7 7       7   7      
RSUs | 2021 | Pro Forma                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Qualifying liquidity event, share-based compensation expense $ 18,200,000                    
RSUs | Share-based Payment Arrangement, Tranche One                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vesting period                   1 year  
Vested shares upon achievement of price targets (in shares) | shares     4,560,000         5,532,732      
Price targets, vested (in dollars per share) | $ / shares     $ 120         $ 30.45      
RSUs | Share-based Payment Arrangement, Tranche Two                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     4,560,000         13,831,828      
Price targets, vested (in dollars per share) | $ / shares     $ 150         $ 50.75      
RSUs | Share-based Payment Arrangement, Tranche Three                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     5,280,000         8,299,098      
Price targets, vested (in dollars per share) | $ / shares     $ 180         $ 101.50      
RSUs | Share-based Payment Arrangement, Tranche Four                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     5,280,000                
Price targets, vested (in dollars per share) | $ / shares     $ 210                
RSUs | Share-based Payment Arrangement, Tranche Five                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     5,280,000                
Price targets, vested (in dollars per share) | $ / shares     $ 240                
RSUs | Share-based Payment Arrangement, Tranche Six                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     5,280,000                
Price targets, vested (in dollars per share) | $ / shares     $ 270                
RSUs | Share-based Payment Arrangement, Tranche Seven                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Vested shares upon achievement of price targets (in shares) | shares     5,280,000                
Price targets, vested (in dollars per share) | $ / shares     $ 300                
RSUs | Vesting Condition, Satisfied or Partially Satisfied                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation cost 660,000,000 $ 660,000,000       $ 660,000,000   $ 660,000,000   $ 207,200,000  
RSUs | Vesting Condition, Not Yet Satisfied                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Unrecognized compensation cost $ 1,200,000,000 $ 1,200,000,000       $ 1,200,000,000   $ 1,200,000,000   $ 310,500,000  
Redeemable convertible preferred stock                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Threshold outstanding to obtain approval (in shares) | shares               50,000,000   50,000,000  
Series F                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Per Share Liquidation Preference (in dollars per share) | $ / shares $ 12.5000 $ 12.5000       $ 12.5000   $ 12.5000   $ 12.5000  
Series F | IPO                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Per Share Liquidation Preference (in dollars per share) | $ / shares $ 12.4827 $ 12.4827       $ 12.4827   $ 12.4827   $ 12.4827  
Proceeds to trigger conversion of redeemable convertible preferred stock               $ 200,000,000   $ 200,000,000  
Series A and B                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Preferred stock, number of elected directors entitled to holders | director 1 1       1   1   1  
Series D and E                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Conversion, percentage of outstanding shares 60.00% 60.00%       60.00%   60.00%   60.00%  
Series A                      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                      
Per Share Liquidation Preference (in dollars per share) | $ / shares $ 0.1954 $ 0.1954       $ 0.1954   $ 0.1954   $ 0.1954 $ 0.1954
Conversion, percentage of outstanding shares 65.00% 65.00%       65.00%   65.00%   65.00%