EQUITY BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

The Company’s unvested restricted common stock unit awards activity for the six months ended June 30, 2021 is summarized below:


	RSUs		Weighted Average Grant Date Fair Value
Unvested at December 31, 2020		—	$	—
Granted		616,920		6.25

Unvested at June 30, 2021		616,920		6.25

The Company’s stock options activity for the six months ended June 30, 2021 is summarized below:


	Options			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Life (in years)
Outstanding at December 31, 2020		—		$	—		—
Granted		716,968			6.01		10.00
Exercised		(160,000	)		6.25		0.10
Forfeited		(6,000	)		6.25		9.70

Outstanding at June 30, 202 1		550,968			6.01		9.68
Options vested and expected to vest as of June 30, 2021		550,968			6.01		9.68
Options vested and exercisable as of June 30, 2021		257,484		$	5.80		9.64

The weighted average assumptions relating to the valuation of stock options granted for the six months ended June 30, 2021 were as follows:


Weighted Average fair value of grants	$	1.60
Expected volatility		35	%
Expected term (years)		4.5
Risk-free interest rate		0.4	%
Expected dividend yield		0.0	%