Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Share-based Compensation Expense

The Company recognized total share-based compensation expense in Compensation and benefits on the unaudited condensed consolidated statements of operations for the following categories of awards as follows (in thousands):

	Three months ended March 31,
	2024		2023
Service-based RSUs	$	6,136	$	5,468
Performance-based RSUs		1,947		3,342
Common stock, fully-vested		234		-
Total share-based compensation expense	$	8,317	$	8,810

Service-Based RSUs

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Unvested RSU Activity

A summary of the Company’s unvested Service-based RSU activity for the three months ended March 31, 2024 is shown below:

	Number of Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2023		17,047,242		$	3.23
Granted		10,550,154		$	3.19
Vested		(2,059,390	)	$	6.73
Unvested at March 31, 2024		25,538,006		$	2.93