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COMMON STOCK AND STOCKHOLDERS' (DEFICIT) EQUITY (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Stock Option Activity
A summary of stock option activity for the three months ended March 31, 2022 is as follows:
Number of SharesWeighted-Average Exercise PriceWeighted- Average Remaining Life
Total Intrinsic Value
(in millions)
Balance at December 31, 202114,527,468$2.20 5.37$226 
Granted during the period4,463,248 14.15 
Exercised during the period(1,422,856)2.47 
Cancelled and forfeited during the period(81,193)7.66 
Balance at March 31, 202217,486,667 $5.21 5.44$145 
Options vested and expected to vest at March 31, 202217,486,667$5.21 5.44$145 
Options exercisable at March 31, 202212,442,934$1.92 4.90$144 
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 three months ended March 31, 2022:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202149,428,070 $31.78 
Granted36,926,801 13.49 
Vested(4,551,630)27.65 
Forfeited(4,087,935)30.07 
Unvested at March 31, 202277,715,306 $23.43 
The following table summarizes the activity related to our Market-Based RSUs for the three months ended March 31, 2022:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202158,918,844 $23.50 
Granted— — 
Vested(115,264)2.34 
Forfeited— — 
Unvested at March 31, 202258,803,580 $23.54 
Schedule of Share-Based Compensation
The following table presents share-based compensation on our unaudited condensed consolidated statements of operations for the periods indicated:
Three Months Ended
March 31,
(in millions)20212022
Brokerage and transaction$— $
Technology and development 82 
Operations — 
Marketing— 
General and administrative128 
Total$$220 
Schedule Of Vesting For Awards Outstanding Scheduled vesting for awards outstanding as of March 31, 2022, is as follows:
(in millions, except for number of shares)
Number of Shares(1)
Expense
Remainder of 202220,911,890 $708 
202327,019,754 669 
202420,776,835 426 
202512,895,735 274 
20262,348,400 35 
Total83,952,614 $2,112 
(1) Excludes future ESPP shares and Market-Based RSUs for which the share price target has not been met as we cannot forecast the vesting of these shares.