Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of 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, 2022 (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, 2021 6,257  $ 13.60  6.19 $ 140,326 
Granted 633  27.84 
Exercised (224) 11.36 
Canceled (80) 37.31 
Outstanding at March 31, 2022 6,586  $ 14.75  6.28 $ 115,786 
Options vested and exercisable at March 31, 2022 4,416  $ 8.88  5.05 $ 97,592 
Schedule 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, 2022 (shares in thousands):
Number of Awards Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2021 4,485  $ 42.73 
Granted 1,776  26.31 
Issued (1,002) 32.68 
Canceled / forfeited (318) 41.93 
Unvested balance at March 31, 2022 4,941  $ 38.91 
Schedule 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,
2022 2021
Cost of customer agreements and incentives $ 3,187  $ 2,232 
Cost of solar energy systems and product sales
3,332  1,304 
Sales and marketing 24,134  27,106 
Research and development 953  676 
General and administration 7,613  46,711 
Total $ 39,219  $ 78,029