v3.25.1
Stockholders' Equity
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
10. Stockholders’ Equity
As of March 31, 2025, the Company had 4,935.0 million shares of Class A common stock authorized, with a par value of $0.0001 per share, 65.0 million shares of Class B common stock authorized, with a par value of $0.0001 per share, and 100.0 million shares of preferred stock authorized, with a par value of $0.0001 per share. Holders of Class A common stock are entitled to one vote per share. Holders of Class B common stock are entitled to 20 votes per share.
During the first quarter of 2024, 1.4 million shares of Class B common stock held by entities affiliated with Mr. Baszucki, Founder, President, CEO and Chair of our Board of Directors (the “CEO”) were converted to Class A common stock.
Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted.
The Company had reserved shares of common stock for future issuance as follows (in thousands):
 As of
 March 31,
2025		December 31,
2024
Stock options outstanding22,815 27,458 
Restricted Stock Units (“RSUs”) outstanding32,758 34,941 
Performance Stock Units (“PSUs”) outstanding(1)
3,308 2,304 
2020 Equity Incentive Plan120,461 91,642 
2020 Employee Stock Purchase Plan26,508 20,855 
Other awards and warrants outstanding or unreleased
356 367 
Total206,206 177,567 
(1)Represents the shares of common stock reserved for future issuance at the maximum achievement levels.