Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Weighted Average Assumptions

The following table presents the weighted average assumptions used in the valuations for grants in the nine months ended September 30, 2021 (there were no grants in the three months ended September 30, 2021):

	Nine Months Ended September 30, 2021
Constant risk free rate	0.8	%
Constant volatility factor	40.0	%
Geometric Brownian Motion	0.981

Schedule of the Components of Share-Based Compensation Expense

The following table sets forth the share-based compensation for the periods presented:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Research and development	2,588		—		5,185		—
Selling, general, and administrative	3,629		—		9,000		—
Total	$	6,217	$	—	$	14,185	$	—

Schedule of Profit Interest Activity

The following table sets forth the changes in the Company’s outstanding equity awards during the nine months ended September 30, 2021:

	Number of Shares	Weighted- Average Grant Date Fair Value
Nonvested shares as of December 31, 2020	3,868,225	$	2.72
Granted	5,188,548	$	8.61
Vested	(2,005,004)	$	5.31
Forfeited	(78,036)	$	6.65
Nonvested shares as of September 30, 2021	6,973,733	$	8.58