Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 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 931  28.08 
Exercised (1,121) 8.66 
Canceled (526) 26.10 
Outstanding at September 30, 2022 5,541  $ 15.84  5.86 $ 78,880 
Options vested and exercisable at September 30, 2022 3,974  $ 10.56  4.70 $ 73,057 
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 nine months ended September 30, 2022 (shares in thousands):
Number of Awards Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2021 4,485  $ 42.73 
Granted 4,051  27.57 
Issued (2,532) 41.21 
Canceled / forfeited (1,308) 36.23 
Unvested balance at September 30, 2022 4,696  $ 32.26 
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 September 30, Nine Months Ended September 30,
2022 2021 2022 2021
Cost of customer agreements and incentives $ 1,776  $ 3,136  $ 7,132  $ 7,360 
Cost of solar energy systems and product sales
 1,741  1,588  6,755  3,937 
Sales and marketing 10,418  23,856  48,042  74,189 
Research and development 464  703  2,160  2,182 
General and administration 8,431  9,979  24,613  73,086 
Total $ 22,830  $ 39,262  $ 88,702  $ 160,754