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Profits interest incentive plan (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Under the plan

Activity under the Plan is summarized as follows:

 

Outstanding at December 31, 2019

 

 

14,478,949

 

Cancelled

 

 

(170,836

)

Assumption of Plan by Himalaya Parent LLC on July 10, 2020

 

 

(14,308,113

)

Outstanding at December 31, 2020

 

 

 

 

Schedule of Nonvested Share Activity

Vesting of Class B units under the Plan is summarized as follows:

 

Unvested at December 31, 2019

 

 

6,158,328

 

Cancelled

 

 

(170,836

)

Vested

 

 

(1,310,807

)

Assumption of unvested Class B units by Himalaya Parent LLC on
   July 10, 2020

 

 

(4,676,685

)

Unvested at December 31, 2020

 

 

 

 

Schedule of Profit Interest Liability Reconciliation

The following table provides a reconciliation of the profits interest liability (in thousands):

 

Balance at December 31, 2019

 

 

8,592

 

Decrease in fair value of vested liability (Pre-Corporate Reorganization) recognized as decrease to stock-based
   compensation expense

 

 

(7,601

)

Fair value of vested liability assumed by Himalaya Parent LLC on July 10, 2020 recognized as additional paid-in
   capital

 

 

(991

)

Balance at December 31, 2020

 

$

 

Allocation of Equity Based Compensation for Class B units

The allocation of equity-based compensation, including $0.7 million from Himalaya Parent as a capital contribution during 2020, for all Class B units is as follows (in thousands):

 

 

Years ended December 31,

 

 

 

2020

 

 

2019

 

Research and development

 

$

(2,993

)

 

$

(2,997

)

General and administrative

 

 

(3,859

)

 

 

(3,406

)

Total

 

$

(6,852

)

 

$

(6,403

)