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MEZZANINE EQUITY, COMMON STOCK AND STOCKHOLDERS’ DEFICIT (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

SCHEDULE OF REDEEMABLE CONVERTIBLE PREFERRED STOCK

The following table is a summary of redeemable convertible preferred stock as of December 31, 2020:


(in thousands, except share data and per share amounts)
Series	Shares Authorized	Shares Issued and Outstanding	Per Share Liquidation Preference		Liquidation Amount		Per Share Initial Conversion Price		Carrying Value of Stock, Net of Issuance Costs
A	131,913,460	131,913,460	$	0.1954	$	25,777	$	0.1954	$	16,139
B	80,263,020	80,263,020	0.6354		50,999		0.6354		50,999
C	43,788,180	43,788,180	2.5121		110,000		2.5121		109,870
D	35,774,761	35,774,761	10.1450		362,935		10.1450		362,670
E	29,887,357	29,887,357	12.4827		373,075		12.4827		372,733
F	48,000,000	48,000,000	12.5000		600,000		12.5000		599,284
G	44,406,442	43,116,119	15.5000		668,300		15.5000		668,044
	414,033,220	412,742,897			$	2,191,086			$	2,179,739

The following table is a summary of redeemable convertible preferred stock as of June 30, 2021:


(in thousands, except share data and per share amounts)
Series	Shares Authorized	Shares Issued and Outstanding	Per Share Liquidation Preference		Liquidation Amount		Per Share Initial Conversion Price		Carrying Value of Stock, Net of Issuance Costs
A	131,913,460	131,913,460	$	0.1954	$	25,777	$	0.1954	$	16,139
B	80,263,020	80,263,020	0.6354		50,999		0.6354		50,999
C	43,788,180	43,788,180	2.5121		110,000		2.5121		109,870
D	35,774,761	35,774,761	10.1450		362,935		10.1450		362,670
E	29,887,357	29,887,357	12.4827		373,075		12.4827		372,733
F	48,000,000	48,000,000	12.5000		600,000		12.5000		599,284
G	44,406,442	43,116,119	15.5000		668,300		15.5000		668,044
G-1	244,278,204	—	18.6000		—		18.6000		—
	658,311,424	412,742,897			$	2,191,086			$	2,179,739

The following table is a summary of redeemable convertible preferred stock as of December 31, 2020:


(in thousands, except share data and per share amounts)
Series	Shares Authorized	Shares Issued and Outstanding	Per Share Liquidation Preference		Liquidation Amount		Per Share Initial Conversion Price		Carrying Value of Stock, Net of Issuance Costs
A	131,913,460	131,913,460	$	0.1954	$	25,777	$	0.1954	$	16,139
B	80,263,020	80,263,020	0.6354		50,999		0.6354		50,999
C	43,788,180	43,788,180	2.5121		110,000		2.5121		109,870
D	35,774,761	35,774,761	10.1450		362,935		10.1450		362,670
E	29,887,357	29,887,357	12.4827		373,075		12.4827		372,733
F	48,000,000	48,000,000	12.5000		600,000		12.5000		599,284
G	44,406,442	43,116,119	15.5000		668,300		15.5000		668,044
	414,033,220	412,742,897			$	2,191,086			$	2,179,739

The following table is a summary of redeemable convertible preferred stock as of December 31, 2019:


(in thousands, except share data and per share amounts)
Series	Shares Authorized	Shares Issued and Outstanding	Per Share Liquidation Preference		Liquidation Amount		Per Share Initial Conversion Price		Carrying Value of Stock, Net of Issuance Costs
A	263,826,920	131,913,460	$	0.1954	$	25,777	$	0.1954	$	16,139
B	160,526,040	80,263,020	0.6354		50,999		0.6354		50,999
C	87,576,360	43,788,180	2.5121		110,000		2.5121		109,870
D	71,549,522	35,774,761	10.1450		362,935		10.1450		362,670
E	59,854,820	29,887,357	12.4827		373,075		12.4827		372,733
	643,333,662	321,626,778			$	922,786			$	912,411

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of stock option activity for the six months ended June 30, 2021 is as follows:


	Number of Shares	Weighted-Average Exercise Price		Weighted- Average Remaining Life	Total Intrinsic Value (in thousands)
Balance at December 31, 2020	21,543,828	$	2.19	6.52	$	304,590

Exercised during the period	(3,581,521)	1.87
Cancelled and forfeited during the period	(276,657)	4.51
Balance at June 30, 2021	17,685,650	$	2.22	5.76	$	632,774
Options vested and expected to vest at June 30, 2021	17,685,650	$	2.22	5.76	$	632,774
Options exercisable at June 30, 2021	15,905,386	$	1.75	5.56	$	576,535

A summary of stock option activity for the year ended December 31, 2020 is as follows:


(in thousands, except share and per share data)
	Number of Shares	Weighted-Average Exercise Price		Weighted- Average Remaining Life	Total Intrinsic Value




Balance at December 31, 2019	27,613,830	$	2.33	7.59	$	197,536
Granted during the period	324,442	10.10
Exercised during the period	(4,310,197)	2.20
Cancelled and forfeited during the period	(2,084,247)	5.18
Balance at December 31, 2020	21,543,828	$	2.19	6.52	$	304,590
Options vested and expected to vest at December 31, 2020	21,543,828	$	2.19	6.52	$	304,590
Options exercisable at December 31, 2020	18,793,618	$	1.58	6.31	$	277,127

SCHEDULE OF ACTIVITY RELATED TO TIME-BASED RSUs

The following table summarizes the activity related to our Time-Based RSUs for the six months ended June 30, 2021:


	Number of RSUs	Weighted- average grant date fair value
Unvested at December 31, 2020	47,711,649	$	10.84
Granted	22,899,989	40.88
Forfeited	(1,747,048)	16.48
Unvested at June 30, 2021	68,864,590	$	26.12

The following table summarizes the activity related to our time-based RSUs for the year ended December 31, 2020:


	Number of RSUs	Weighted- average grant date fair value



Unvested restricted stock at December 31, 2019	24,024,214	$	8.17
Granted	27,492,086	12.90
Forfeited	(3,804,651)	8.84
Unvested restricted stock at December 31, 2020	47,711,649	$	10.84

SCHEDULE OF SHARE-BASED COMPENSATION

The following table summarizes the effects of share-based compensation on our unaudited condensed consolidated statements of operations:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2020		2021		2020		2021
Brokerage and transaction	$	6	$	6	$	12	$	12
Technology and development	824		717		2,540		2,025
Operations	8		3		18		6
Marketing	7		41		15		78
General and administrative	520		371		1,192		8,013
Total	$	1,365	$	1,138	$	3,777	$	10,134

The following table summarizes the effects of share-based compensation on our consolidated statements of operations:


	Year Ended December 31,
(in thousands)	2019		2020
Brokerage and transaction	$	427	$	227
Technology and development	9,499		18,024
Operations	139		61
Marketing	85		613
General and administrative	16,517		5,405
Total	$	26,667	$	24,330

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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