Certain employees of the Company participated in the equity-based compensation plan of Privateer Holdings, Inc. (the “Original Plan”) under the terms and valuation method detailed in the Company’s annual financial statements. For the three and nine months ended September 30, 2020, the total stock-based compensation expense associated with the Original Plan was $114 and $410 (2019 – $143 and $411). As of September 30, 2020, the total remaining unrecognized stock-based compensation expense related to non-vested stock options under the Original Plan amounted to $375 which will be recognized over the weighted-average remaining requisite service period of approximately 0.8 years.

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2019		3,014,004		$	3.04		5.8	$	44,108
Exercised		(528,261	)		1.15
Forfeited		(62,153	)		4.44
Cancelled		(125,999	)		3.30
Balance September 30, 2020		2,297,591		$	3.38		3.8	$	32,717
Vested and expected to vest, September 30, 2020		2,299,283		$	3.37		3.8	$	32,742
Vested and exercisable, September 30, 2020		2,198,632		$	3.22		3.7	$	31,750

No stock options were granted under the Original Plan during the nine months ended September 30, 2020 and September 30, 2019. The total fair value of stock options vested as of September 30, 2020 was $118 (December 31, 2019 – $2,789).

The number of shares of Class 2 common stock reserved for issuance under the 2018 Equity Incentive Plan (the “2018 EIP”) automatically increases on January 1 of each calendar year, for a period of not more than ten years, starting on January 1, 2019 and ending on and including January 1, 2027, in an amount equal to 4% of the total number of shares of the Company’s common stock

outstanding on December 31 of the prior calendar year, or a lesser number of shares determined by the Company’s Board of Directors. The shares reserved include only the outstanding shares related to stock options and RSUs and excludes stock options outstanding under the Original Plan. The number of shares reserved for issuance under the 2018 EIP is 17,037,421, effective as of January 1, 2020 (December 31, 2019 – 12,926,172). For the three and nine months ended September 30, 2020, total stock-based compensation expense associated with the 2018 EIP was $7,966 and $22,994 (2019 - $8,501 and $21,892). As of September 30, 2020, the total remaining unrecognized stock-based compensation expense related to non-vested stock options and restricted stock units (“RSUs”) under the 2018 EIP amounted to $40,805 which will be recognized over the weighted average remaining requisite service period of approximately 1.03 years.

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2019		5,307,130		$	14.04		8.4	$	44,297
Granted		—			—
Exercised		(286,948	)		7.76
Forfeited		(245,222	)		13.93
Cancelled		(193,127	)		13.11
Balance September 30, 2020		4,581,833		$	14.48		7.6	$	—
Vested and expected to vest, September 30, 2020		4,511,481		$	14.32		7.5	$	—
Vested and exercisable, September 30, 2020		3,276,183		$	12.47		7.6	$	—

During the nine months ended September 30, 2020, no time-based stock options were granted under the 2018 EIP (2019 – 10,000). The weighted-average fair values of stock options granted during the nine months ended September 30, 2020 was $0 per share (2019 – $12.01). The total fair value of stock options vested as of September 30, 2020 was $31,299 (December 31, 2019 – $16,708).

	Stock options			Weighted- average exercise price		Weighted- average remaining contractual term (years)		Aggregate intrinsic value
Balance December 31, 2019		520,000		$	7.76		8.4	$	4,872
Granted		—			—				—
Exercised		(320,000	)		7.76
Forfeited		—			—				—
Cancelled		—			—				—
Balance September 30, 2020		200,000		$	7.76		7.6	$	—
Vested and expected to vest, September 30, 2020		200,000		$	7.76		7.6	$	—
Vested and exercisable, September 30, 2020		200,000		$	7.76		7.6	$	—

No performance-based stock options were granted under the 2018 EIP during the nine months ended September 30, 2020 and September 30, 2019. The total fair value of stock options vested as of September 30, 2020 was $0 (December 31, 2019– $1,246).

	Time-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2019		1,423,392		$	42.05
Granted		2,024,334			8.67
Vested		(396,051	)		45.32
Forfeited		(785,641	)		27.88
Cancelled		(17,711	)		31.31
Non-vested September 30, 2020		2,248,323		$	16.46

During the nine months ended September 30, 2020, 2,024,334 (2019 – 944,616) time-based RSUs were granted. During the nine months ended September 30, 2020, 396,051 (2019 – 54,635) time-based RSUs vested.

	Performance-based RSUs			Weighted-average grant-date fair value per share
Non-vested December 31, 2019		265,625		$	7.76
Granted		448,230			7.05
Vested		(159,375	)		7.76
Non-vested September 30, 2020		554,480		$	7.19

448,230 performance-based RSUs were granted during the nine months ended September 30, 2020 (2019 – none). During the nine months ended September 30, 2020, 159,375 (2019 – 731,250) performance-based RSUs vested.