EQUITY (Tables)

9 Months Ended

Sep. 30, 2022

Stock options

Schedule of stock options granted

		Weighted
		Average
	Stock	Exercise
	Options	Price
Outstanding—January 1, 2022	1,931,868	$	37.47
Granted	351,476		51.71
Exercised	(42,076)		27.54
Forfeited	(79,247)		51.95
Outstanding—September 30, 2022	2,162,021		39.45
Vested—September 30, 2022	825,538		31.70

Time-based stock option awards

Schedule of fair value of stock options grants determined with assumptions

Expected term		6.3	years
Expected stock price volatility		34	%
Risk-free interest rate		1.85	%
Expected dividend yield		—	%
Weighted average grant date fair value	$	19.08

Restricted Stock Units (RSUs)

Schedule of changes in restricted stock units

		Weighted
	Restricted	Average
	Stock	Grant Date
	Units	Fair Value
Outstanding—January 1, 2022	187,756	$	47.69
Granted	—		—
Forfeited	(15,713)		46.80
Vested	(78)		48.09
Outstanding—September 30, 2022	171,965		47.77

Focus LLC Restricted Common Units

Schedule of changes in restricted stock units

		Weighted
	Restricted	Average
	Common	Grant Date
	Units	Fair Value
Outstanding—January 1, 2022	193,625	$	54.70
Granted	—		—
Forfeited	—		—
Vested	(1,162)		58.50
Outstanding—September 30, 2022	192,463		54.68

Incentive Units

Schedule of incentive units granted

		Weighted
		Average
	Incentive	Hurdle
	Units	Price
Outstanding—January 1, 2022	16,146,524	$	26.44
Granted	60,000		43.07
Exchanged	(40,607)		25.83
Forfeited	—		—
Outstanding—September 30, 2022	16,165,917		26.51
Vested—September 30, 2022	9,827,010		20.54

Schedule of incentive units outstanding and vested by hurdle rates

	Number	Vested Incentive
Hurdle Rates	Outstanding	Units
$1.42	421	421
5.50	798	798
6.00	386	386
7.00	1,081	1,081
9.00	708,107	708,107
11.00	813,001	813,001
12.00	513,043	513,043
13.00	540,000	540,000
14.00	10,098	10,098
16.00	45,191	45,191
17.00	20,000	20,000
19.00	527,928	527,928
21.00	3,043,964	3,043,964
22.00	808,917	808,917
23.00	524,828	524,828
26.26	12,500	—
27.00	12,484	12,484
27.90	1,910,483	912,817
28.50	1,436,586	1,047,815
30.48	30,000	20,000
33.00	3,617,500	7,500
36.64	30,000	30,000
43.07	60,000	—
43.50	30,000	30,000
44.71	806,324	203,142
58.50	662,277	5,489
	16,165,917	9,827,010

Time based incentive units

Schedule of fair value of stock options grants determined with assumptions

Expected term		5.0	years
Expected stock price volatility		34	%
Risk-free interest rate		1.71	%
Expected dividend yield		—	%
Weighted average grant date fair value	$	14.16