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STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
The table below summarizes RSU activity for the nine months ended September 30, 2024:
RSUs
Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023745,840 $10.61 
Granted647,433 10.71 
Vested(566,679)8.72 
Forfeited(143,460)12.93 
Unvested at September 30, 2024683,134 $11.46 
Schedule of Weighted-average Assumptions for Stock Options The weighted-average assumptions for stock options granted are outlined in the following table:
Dividend yield0.0 %
Risk-free interest rate4.1 %
Expected term (in years)2
Expected volatility78.2 %
Schedule of Stock Options Activity
The table below summarizes stock option activity for the nine months ended September 30, 2024:
OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value (in thousands)
Total outstanding at December 31, 2023(1)
3,062,500 $6.00 2.2520,948 
Exercised— — — — 
Total outstanding at September 30, 2024
3,062,500 6.00 1.5011,576 
Exercisable at September 30, 20242,187,500 $6.00 1.50$8,269 
(1) Consists of 2,187,500 outstanding (unvested) stock options and 875,000 exercisable stock options as of December 31, 2023, as presented within our Annual Report on Form 10-K.
Schedule of Performance Share Unit Activity
The table below summarizes PSU activity for the nine months ended September 30, 2024:
PSUs
Weighted-Average Grant Date Fair Value (per unit)
2024 Executive PSUs
Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023506,324 $6.34 — $— 
Granted16,417 16.68 3,537,145 13.59 
Vested(422,368)6.35 — — 
Forfeited(83,956)6.31 — — 
Unvested at September 30, 202416,417 $16.68 3,537,145 $13.59