| Disclosure Of Stock-Based Compensation Arrangements By Stock-Based Payment Award |
The following table summarizes our stock option activity for the three months ended June 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options (in thousands) | | Weighted- Average Exercise Prices | | Weighted- Average Remaining Contractual Term (in years) | | Aggregate Intrinsic Value (in millions) | Outstanding as of March 31, 2026 | | 3 | | | $ | 57.19 | | | | | | | | | | | | | | | | Granted | | — | | | 202.09 | | | | | | | Exercised | | — | | | 187.57 | | | | | | | Forfeited, cancelled or expired | | — | | | 59.78 | | | | | | Outstanding as of June 30, 2026 | | 3 | | | $ | 57.05 | | | 1.90 | | $ | 0.4 | | | Vested and expected to vest | | 3 | | | $ | 57.05 | | | 1.90 | | $ | 0.4 | | Exercisable as of June 30, 2026 | | 3 | | | $ | 57.05 | | | 1.90 | | $ | 0.4 | |
The following table summarizes our restricted stock units activity for the three months ended June 30, 2026: | | | | | | | | | | | | | Restricted Stock Units (in thousands) | | Weighted- Average Grant Date Fair Values | Outstanding as of March 31, 2026 | 6,441 | | | $ | 145.62 | | | | | | | Granted | 2,864 | | | 203.09 | | | Vested | (2,179) | | | 141.93 | | | Forfeited or cancelled | (141) | | | 152.11 | | Outstanding as of June 30, 2026 | 6,985 | | | $ | 170.20 | |
The following table summarizes our performance-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2026: | | | | | | | | | | | | | Performance- Based Restricted Stock Units (in thousands) | | Weighted- Average Grant Date Fair Value | Outstanding as of March 31, 2026 | 1,058 | | | $ | 141.72 | | | Granted | 495 | | | 203.12 | | | Vested | (385) | | | 146.53 | | | Forfeited or cancelled | (393) | | | 145.90 | | Outstanding as of June 30, 2026 | 775 | | | $ | 176.45 | |
The following table summarizes our market-based restricted stock unit activity, presented with the maximum number of shares that could potentially vest, for the three months ended June 30, 2026: | | | | | | | | | | | | | Market-Based Restricted Stock Units (in thousands) | | Weighted- Average Grant Date Fair Value | Outstanding as of March 31, 2026 | 890 | | | $ | 103.80 | | | Granted | — | | | — | | | Vested | (96) | | | 152.92 | | | Forfeited or cancelled | (47) | | | 152.92 | | Outstanding as of June 30, 2026 | 747 | | | $ | 94.43 | |
The following table summarizes stock-based compensation expense resulting from stock options, restricted stock units, market-based restricted stock units, performance-based restricted stock units, and the ESPP purchase rights included in our Condensed Consolidated Statements of Operations (in millions): | | | | | | | | | | | | | | | | | Three Months Ended June 30 | | | | 2026 | | 2025 | | | | | | Cost of revenue | $ | 3 | | | $ | 3 | | | | | | | Research and development | 106 | | | 110 | | | | | | | Marketing and sales | 14 | | | 12 | | | | | | | General and administrative | 30 | | | 27 | | | | | | | Stock-based compensation expense | $ | 153 | | | $ | 152 | | | | | |
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