Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.2
Share-based Compensation (Tables)
3 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Activity for Stock Options
The following table summarizes activity for stock options during the period ended June 30, 2022:
Number of Options
Weighted Average
Exercise Price
Weighted Average Remaining Contractual Term Aggregate Intrinsic Value
(in thousands) (per share) (years) (in thousands)
Balance, March 31, 2022 6,968  $ 21.87  7.6 $ 176,839 
Exercised (68) 18.79 
Forfeited or expired (368) 24.33 
Balance, June 30, 2022 6,532  $ 21.77  6.8 $ 117,968 
Options vested and expected to vest at June 30, 2022 6,532  $ 21.77  6.8 $ 117,968 
Options vested and exercisable at June 30, 2022 3,627  $ 20.36  6.3 $ 69,870 
Summary of Activity for Restricted Shares
The following table provides a summary of the changes in the number of restricted stock awards (“RSAs”) and restricted stock units (“RSUs”) for the period ended June 30, 2022:
Number of
 RSAs
Weighted Average
Grant Date Fair Value
Number of RSUs Weighted Average
Grant Date Fair Value
(in thousands) (per share) (in thousands) (per share)
Balance, March 31, 2022 202  $ 16.00  5,180  $ 42.43 
Granted —  —  4,714  40.60 
Vested (116) 16.00  (886) 39.87 
Forfeited (14) 16.00  (379) 42.48 
Balance, June 30, 2022 72  $ 16.00  8,629  $ 41.61 
Schedule of Share-based Compensation Expense
The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands):
Three Months Ended June 30,
2022 2021
Cost of revenue $ 3,890  $ 2,652 
Research and development 7,285  3,967 
Sales and marketing 10,076  7,608 
General and administrative 7,444  5,025 
Total share-based compensation $ 28,695  $ 19,252