v3.24.3
Stock-Based Awards
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Stock-Based Awards

Note 5. Stock-Based Awards

Restricted Stock Units

We grant restricted stock units ("RSUs") with a service condition, and RSUs with market and service conditions ("MSUs").

The following table summarizes activity for RSUs and MSUs for the nine months ended September 30, 2024 (in thousands):

 

 

Number of Underlying Shares

 

 

 

RSUs

 

 

MSUs

 

Outstanding at December 31, 2023

 

 

 

1,078

 

 

 

174

 

Granted

 

 

 

426

 

 

 

165

 

Vested

 

 

 

(408

)

 

 

(98

)

Forfeited

 

 

 

(109

)

 

 

(2

)

Outstanding at September 30, 2024

 

 

 

987

 

 

 

239

 

Stock-Based Compensation Expense

The following table presents the detail of stock-based compensation expense amounts included in our condensed consolidated statements of operations for the periods presented (in thousands):

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Cost of revenue

$

521

 

 

$

489

 

 

$

1,508

 

 

$

1,378

 

Research and development expense

 

6,813

 

 

 

5,446

 

 

 

18,618

 

 

 

15,894

 

Sales and marketing expense

 

2,743

 

 

 

2,652

 

 

 

7,954

 

 

 

7,581

 

General and administrative expense

 

4,764

 

 

 

3,720

 

 

 

13,256

 

 

 

10,826

 

Total stock-based compensation expense

$

14,841

 

 

$

12,307

 

 

$

41,336

 

 

$

35,679