v3.25.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
10. Stockholders’ Equity
As of June 30, 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 second quarter of 2025 and first quarter of 2024, 0.1 million and 1.4 million shares of Class B common stock held by entities affiliated with David Baszucki, the Company’s Founder, President, CEO and Chair of its Board of Directors (the “CEO”) were converted to Class A common stock, respectively.
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
 June 30,
2025		December 31,
2024
Stock options outstanding13,086 27,458 
Restricted Stock Units (“RSUs”) outstanding31,296 34,941 
Performance Stock Units (“PSUs”) outstanding(1)
3,030 2,304 
2020 Equity Incentive Plan116,525 91,642 
2020 Employee Stock Purchase Plan26,508 20,855 
Other awards and warrants outstanding or unreleased
335 367 
Total190,780 177,567 
(1)For awards with ongoing performance periods as of the respective balance sheet date, the shares of common stock reserved for future issuance are included at maximum achievement levels.