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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Unit Activity
The following tables summarize the Company’s unvested share awards outstanding as of December 31, 2023 and 2022, under the PIPP:
Number of Restricted Stock UnitsWeighted Average Grant Date
Fair Value Per Unit
Unvested at December 31, 2022354,715 $19.94 
Granted501,691 4.61 
Canceled/forfeited(62,934)12.17 
Vested(1)
(186,374)14.12 
Unvested at December 31, 2023607,099$10.04 
Number of Restricted Stock UnitsWeighted Average Grant Date
Fair Value Per Unit
Unvested at December 31, 2021(2)
221,091 $28.21 
Granted330,707 13.03 
Impact of fluctuations in share price(3)
(51,520)6.04 
Canceled/forfeited(1)
(28,250)30.96 
Vested(117,313)29.64 
Unvested at December 31, 2022(1)
354,715$19.94 
(1)For the years ended December 31, 2023 and 2022, 2,595 and 3,115 respectively of restricted stock units vested and the corresponding issuance of shares of common stock was deferred as the Company was under a trading black-out as of the date of vesting. The shares of common stock will be issued upon expiration of the trading blackout.
(2)Amount includes liability-based awards for which the number of units awarded was not determined until the vesting date. The number of liability-based award units included in this amount were estimated using the market value of the Company’s shares of common stock as of the end of each reporting period.
(3)Amount represents difference between liability-based awards estimated as of the end of the previous reporting period and the number of shares of common stock issued upon vesting.