Convertible Preferred Stock and Stockholders’ Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Summary of Performance Award And Market Capitalization Milestones

As detailed in the table below, the CEO Performance Award consists of ten vesting tranches. The first market capitalization milestone is $1.0 billion, and each of the remaining nine market capitalization milestones are in additional $500 million increments, up to $5.5 billion.

Tranche #	No. of Shares Subject to PSU		Market Capitalization Milestones(1)
1		1,000,000	$	1,000,000,000
2		1,500,000	$	1,500,000,000
3		1,500,000	$	2,000,000,000
4		2,000,000	$	2,500,000,000
5		1,000,000	$	3,000,000,000
6		1,000,000	$	3,500,000,000
7		1,000,000	$	4,000,000,000
8		2,000,000	$	4,500,000,000
9		1,000,000	$	5,000,000,000
10		1,000,000	$	5,500,000,000
Total:		13,000,000

Summary of Option and Stock Appreciation Rights Activity

A summary of the option and stock appreciation rights activity for the nine-month period ended September 30, 2021 is as follows:

	Number of Options/SARs			Range of Exercise Price		Weighted Average Exercise Price per Share
Outstanding, December 31, 2020		2,456,979			$0.74 - $35.20	$	2.90
Granted		894,000			$6.96 - $9.87	$	7.16
Exercised		(325,111	)		$0.74 - $4.52	$	1.98
Forfeited		(183,378	)		$0.74 - $35.20	$	6.69
Outstanding, September 30, 2021		2,842,490			$0.74 - $9.87	$	4.10

Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the nine-month period ended September 30, 2021 is as follows:

	Number of Restricted Stock Units			Weighted Average Grant Date Fair Value per Unit
Outstanding, December 31, 2020		1,112,473		$	2.46
Granted		378,204		$	7.18
Vested		(325,954	)	$	3.97
Forfeited		-		$	-
Outstanding, September 30, 2021		1,164,723		$	3.57