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

9 Months Ended

Sep. 30, 2021

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

SCHEDULE OF STOCK OPTION ACTIVITY

A summary of stock option activity for the nine months ended September 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
Granted during the period	—	—
Exercised during the period	(5,819,965)	2.02
Cancelled and forfeited during the period	(276,657)	4.51
Balance at September 30, 2021	15,447,206	$	2.21	5.66	$	615,827
Options vested and expected to vest at September 30, 2021	15,447,206	$	2.21	5.66	$	615,827
Options exercisable at September 30, 2021	14,040,377	$	1.79	5.49	$	565,754

SCHEDULE OF ACTIVITY RELATED TO TIME-BASED AND MARKET-BASED RSUs

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


	Number of RSUs	Weighted- average grant date fair value
Unvested at December 31, 2020	47,711,649	$	10.84
Granted	28,635,488	40.76
Vested	(23,261,472)	17.94
Forfeited	(2,442,812)	24.37
Unvested at September 30, 2021	50,642,853	$	32.20

The following table summarizes the activity related to our Market-Based RSUs for the nine months ended September 30, 2021:


	Number of RSUs	Weighted- average grant date fair value
Unvested at December 31, 2020	27,663,658	$	0.29
Granted	35,520,000	22.68
Vested	(4,149,548)	2.34
Forfeited	—	—
Unvested at September 30, 2021	59,034,110	$	23.46

SCHEDULE OF SHARE-BASED COMPENSATION

The following table presents share-based compensation in our unaudited condensed consolidated statements of operations for the periods indicated:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2020		2021		2020		2021
Brokerage and transaction	$	6	$	6,405	$	18	$	6,417
Technology and development	992		502,748		3,532		504,773
Operations	5		16,410		23		16,416
Marketing	40		40,966		55		41,044
General and administrative	528		677,785		1,720		685,798
Total	$	1,571	$	1,244,314	$	5,348	$	1,254,448

- 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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+ Details