| Name | Fees Earned or Paid in Cash ($) | Stock Awards ($)(1)(7) | Option Awards ($)(7) | Total ($) | |||||||||||||
| Ravi Gupta(2) | 14,864 | 249,990 | — | 264,854 | |||||||||||||
| Jeffrey Jordan(3) | 50,000 | —(4) | — | 50,000 | |||||||||||||
| Meredith Kopit Levien | 85,000 | —(4) | — | 85,000 | |||||||||||||
| Barry McCarthy(5) | 75,000 | —(4) | — | 75,000 | |||||||||||||
| Michael Moritz | 80,000 | —(4) | — | 80,000 | |||||||||||||
| Lily Sarafan | 92,500 | —(4) | — | 92,500 | |||||||||||||
| Frank Slootman | 50,000 | —(4) | — | 50,000 | |||||||||||||
| Daniel Sundheim | 60,000 | —(4) | — | 60,000 | |||||||||||||
| Apoorva Mehta(6) | 29,620 | —(4) | — | 29,620 | |||||||||||||
| (1)Aggregate grant-date fair values are computed in accordance with ASC Topic 718. See Notes 2 and 12 to our consolidated financial statements included in the 2023 Annual Report for the assumptions used in calculating these values. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our directors. (2)Mr. Gupta was appointed to our Board of Directors on September 19, 2023, which was one business day following the closing of our initial public offering. (3)Mr. Jordan will retire from and not stand for re-election to our Board of Directors when his term expires at the Annual Meeting. (4)In February 2023, each then-serving non-employee director was granted an RSU award subject to a liquidity event-based vesting condition (which constitutes a performance condition) and service-based vesting conditions. As of the applicable grant date, we had not recognized stock-based compensation expense for these awards because achievement of the liquidity event-based vesting condition, as the performance condition, was not deemed probable as of any such date. As a result, no value is included in the table for these awards. The liquidity event-based vesting condition was satisfied on September 18, 2023 upon the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, and as a result, we began recognizing stock-based compensation expense upon satisfaction of service-based vesting conditions for these awards following our initial public offering. Assuming achievement of the liquidity event-based vesting condition, the aggregate grant-date fair values of each of these RSU awards was $289,242, computed in accordance with ASC Topic 718. The amounts disclosed reflect the accounting cost for these equity awards and do not reflect the actual economic value that may be realized by any of our directors. (5)Mr. McCarthy will retire from and not stand for re-election to our Board of Directors when his term expires at the Annual Meeting. (6)Mr. Mehta became a non-employee director in February 2023. Mr. Mehta resigned from our Board of Directors, including as Chairperson, on September 18, 2023, immediately prior to the effectiveness of the registration statement on Form S-1 filed in connection with our initial public offering, at which point Ms. Simo was appointed Chair of our Board of Directors. (7)The following table sets forth the aggregate number of shares underlying outstanding stock options (vested and unvested) and unvested stock awards held by our directors, other than Fidji Simo, as of December 31, 2023: | |||||||||||||||||
| As of December 31, | ||||||||||||||||||||||||||||||||||||||
| 2022 | 2023 | |||||||||||||||||||||||||||||||||||||
| (in thousands) | ||||||||||||||||||||||||||||||||||||||
| Redeemable convertible preferred stock | 167,692 | — | Series A redeemable convertible preferred stock | — | 5,833 | Non-voting common stock warrants | 7,431 | — | Restricted stock units | 57,015 | 33,459 | Exchangeable shares outstanding | 689 | — | Stock options outstanding | 30,033 | 19,553 | Remaining shares available for future issuance | 3,628 | 39,523 | Shares available for issuance under the 2023 Employee Stock Purchase Plan | — | 7,000 | Total | 266,488 | 105,368 | ||||||||||||
