v3.23.1
COMMON STOCK AND STOCKHOLDERS' (DEFICIT) EQUITY (Tables)
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
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, 2023, which is the period we grant our company-wide annual refresh grants:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202256,116,782 $18.55 
Granted19,251,484 9.72 
Vested(7,078,184)15.53 
Forfeited(4,700,651)17.24 
Unvested at March 31, 202363,589,431 $17.33 
The following table summarizes the activity related to our Market-Based RSUs for the three months ended March 31, 2023:
Eligible to Vest(1)
Not Eligible to Vest(2)
Total Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 2022806,858 57,650,926 58,457,784 $23.67 
Granted— — — 
Vested(115,266)— (115,266)2.34 
Cancelled— (35,520,000)(35,520,000)22.68 
Unvested at March 31, 2023691,592 22,130,926 22,822,518 $25.32 
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(1)Represents RSUs that became eligible to vest upon achievement of share price targets and vest upon satisfaction of time-based service requirements.
(2)Represents RSUs that have not yet become eligible to vest because share price targets have not yet been achieved.
Schedule of Share-Based Compensation
The following table presents SBC on our unaudited condensed consolidated statements of operations for the periods indicated:
Three Months Ended
March 31,
(in millions)20222023
Brokerage and transaction$1 $2 
Technology and development 82 54 
Operations 4 2 
Marketing5 1 
General and administrative128 539 
Total(1)
$220 $598 
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(1) For the three months ended March 31, 2023 and 2022, SBC expense primarily consisted of $528 million and $84 million related to Market-Based RSUs and $67 million and $130 million related to Time-Based RSUs.