Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plans (Tables)

v3.22.2
Equity Incentive Plans (Tables)
 6 Months Ended
Jun. 30, 2022
Share-based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Option, Activity
Stock option activity under the 2017 Plan in the six months ended June 30, 2022 is as follows:
Options outstanding
Number of
shares		 Weighted
average
exercise price		 Weighted average remaining contractual term (in years) Aggregate intrinsic value
Balance, December 31, 2021
 79,644,550  $ 1.44 
Exercised
 (14,192,960) 0.59 
Forfeited
 (2,702,952) 2.24 
Balance, June 30, 2022
 62,748,638  $ 1.60  6.8 46,791
Exercisable, June 30, 2022
 44,973,713  $ 1.24  6.3 41,871
Restricted Stock Unit Activity
RSU activity under the Plan and the 2017 Plan is as follows:
Unvested RSUs outstanding
Number of
shares		 Weighted-
average grant
date fair value		 Aggregate Intrinsic value
Balance, December 31, 2021
 34,054,713  4.72
Granted
 82,788,961  4.06
Released (14,141,974) 4.07
Forfeited
 (7,679,851) 4.32
Balance, June 30, 2022
 95,021,849  4.27 $ 183,392 
Stock-based compensation expense
Total stock-based compensation expense by function was as follows (in thousands):
Three Months Ended
June 30,		 Six Months Ended
June 30,
2022 2021 2022 2021
Research and development
 $ 41,424  $ 39,499  $ 67,651  $ 74,314 
Selling, general, and administrative
 4,854  2,044  7,874  4,124 
Total
 $ 46,278  $ 41,543  $ 75,525  $ 78,438