Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity during the nine months ended September 30, 2022:

	Shares			Weighted-Average Grant-Date Fair Value
RSUs outstanding at December 31, 2021		3,887,750		$	8.85
Granted		85,040		$	4.00
Forfeited		(296,250	)	$	8.71
Vested		(771,525	)	$	8.90
RSUs outstanding at September 30, 2022		2,905,015		$	8.35

Summary of Stock Option Activity

The following table summarizes stock option activity during the nine months ended September 30, 2022:

	Shares			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (Years)
Options outstanding at December 31, 2021		—		$	—		—
Granted		4,299,373		$	3.80
Forfeited		(49,200	)	$	3.53
Options outstanding at September 30, 2022		4,250,173		$	3.81		9.5
Options exercisable at September 30, 2022		—		$	—		—

Summary of Weighted-Average Assumptions used to Estimate Fair Value of Stock Options Granted

The weighted-average assumptions used to estimate the fair value of stock options granted during the nine months ended September 30, 2022 were as follows:

Expected term (in years)	6.1
Volatility	63.8	%
Risk-free rate	3.5	%
Dividend yield	0.0	%