v3.24.1.u1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):
Three months ended March 31,
20242023
Cost of revenue
Subscription and support
$1,601 $1,072 
Professional services
727 633 
Operating expenses
Research and development
4,641 4,697 
Sales and marketing
8,038 6,958 
General and administrative
8,000 24,682 
Total
$23,007 $38,042 
Schedule of Stock-Option Activity
The following table summarizes the option activity under the Plans for the three months ended March 31, 2024:




Options

Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Outstanding at December 31, 20231,211,619 $14.46 2.3
Granted— — 
Forfeited— — 
Expired— — 
Exercised(18,943)15.93 
Outstanding at March 31, 20241,192,676 $14.43 2.1
Exercisable at March 31, 20241,192,676 $14.43 2.1
Schedule of Restricted Stock Units and Performance Restricted Stock Units Activity
The following table summarizes the restricted stock unit and performance restricted stock unit activity under the Plans for the three months ended March 31, 2024:




Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested at December 31, 20232,198,411 $97.17 
Granted947,282 94.78 
Forfeited(39,340)101.42 
Vested(1)
(575,242)98.25 
Unvested at March 31, 20242,531,111 $96.02 
(1) During the three months ended March 31, 2024, in accordance with our Nonqualified Deferred Compensation Plan, no recipients elected to defer settlement of their vested restricted stock units and 14,840 shares were released from deferral.