Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
The following table summarizes the activity for all stock options under all of the Company’s equity incentive plans for the three months ended March 31, 2021 (shares and aggregate intrinsic value in thousands):
Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Value
Outstanding at December 31, 2020 8,019  $ 10.35  6.87 $ 473,371 
Granted 236  53.48 
Exercised (898) 8.81 
Cancelled (172) 10.16 
Outstanding at March 31, 2021 7,185  $ 11.96  6.71 $ 348,628 
Options vested and exercisable at March 31, 2021 4,097  $ 6.81  5.27 $ 219,890 
Summary of Activity for all Restricted Stock Units (RSUs)
The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the three months ended March 31, 2021 (shares in thousands):
Number of Awards Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2020 7,103  $ 40.17 
Granted 226  63.85 
Issued (1,258) 33.54 
Cancelled / forfeited (196) 20.60 
Unvested balance at March 31, 2021 5,875  $ 43.13 
Summary of Stock-Based Compensation Expense
The Company recognized stock-based compensation expense, including ESPP expenses, in the consolidated statements of operations as follows (in thousands):
Three Months Ended March 31,
2021 2020
Cost of customer agreements and incentives $ 2,232  $ 1,946 
Cost of solar energy systems and product sales
1,304  673 
Sales and marketing 27,106  3,478 
Research and development 676  1,075 
General and administration 46,711  11,773 
Total $ 78,029  $ 18,945