XML 50 R36.htm IDEA: XBRL DOCUMENT v3.23.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Restricted Stock Unit Activity The following table summarizes RSU activity during the year ended December 31, 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

 

 

(2,053,700

)

 

$

8.24

 

RSUs outstanding at December 31, 2022

 

 

1,622,840

 

 

$

9.41

 

Summary of Stock Option Activity The following table summarizes stock option activity during the year ended December 31, 2022:

 

 

Shares

 

 

Weighted-Average
Exercise Price

 

 

Weighted-Average
Remaining
Contractual Term
(Years)

 

Options outstanding at December 31, 2021

 

 

 

 

$

 

 

 

 

Granted

 

 

5,165,328

 

 

$

3.86

 

 

 

 

Forfeited

 

 

(122,700

)

 

$

3.73

 

 

 

 

Options outstanding at December 31, 2022

 

 

5,042,628

 

 

$

3.86

 

 

 

9.5

 

Options exercisable December 31, 2022

 

 

131,461

 

 

$

3.99

 

 

 

2.1

 

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 year ended December 31, 2022 were as follows:

Expected term (in years)

 

 

6.0

 

Volatility

 

 

60.0

%

Risk-free rate

 

 

3.5

%

Dividend yield

 

 

0.0

%