Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

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

Summary of The Activity of Restricted Stock And Restricted Stock Units Granted By The Company

The following is the activity of restricted stock and restricted stock units granted by the Company:

	Shares			Weighted Average Grant Date Fair Value
Non-vested as of January 1, 2022		65,208,870		$	10.86
Granted (1)		6,901,773			10.57
Vested		(2,932,313	)		11.12
Forfeited (2)		(960,790	)		10.60
Non-vested as of June 30, 2022 (3)		68,217,540		$	10.82

(1)During the six months ended June 30, 2022, the Company granted 6,730,505 restricted stock and 171,268 restricted stock units to its employees, advisors and non-employee directors.

(2)During the six months ended June 30, 2022, 901,847 restricted stock and 58,943 restricted stock units were forfeited.

(3)Includes 47,616,581 unvested Class A restricted stock, 19,261,835 unvested Class B restricted stock and 1,339,124 unvested restricted stock units as of June 30, 2022.

Summary of Transaction under the Company Stock Option Plan

Following is the summary of transactions under the Company’s stock option plan:

	Number of options			Weighted average exercise price		Weighted average remaining contractual life (years)		Aggregate intrinsic value
Outstanding options as of January 1, 2021		1,150,893		$	3.61		5.31	$	3.89
Exercised		(31,985	)		3.29		—		—
Forfeited		(231,246	)		3.96		—		—
Outstanding options as of December 31, 2021		887,662		$	3.53		4.19	$	5.28
Granted		574,250			10.83
Exercised		(237,030	)		0.55
Forfeited		(18,500	)		10.83
Outstanding options as of June 30, 2022		1,206,382		$	7.48		6.88	$	(2.89	)

Summary of Share-based Compensation Arrangements by Share-based Payment Award

20 Day VWAP of Class A common    stock	Below $13.84	$	13.84	$	16.34	$	18.84	$	22.34	$	25.34	$	38.09
Percentage of target PSUs	0%	25%		50%		100%		150%		200%		*

Summary of Performance Stock Unit Award Activity

Following is the summary of PSUs under the Company’s 2021 Incentive Award Plan:

	Number of PSUs		Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2022		1,500,000	$	1.95
Granted		1,979,500		9.10
Outstanding as of June 30, 2022		3,479,500	$	6.02

Stock options [Member]

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

Share Based Compensation Performance Shares Award Valuation Assumptions

	As of
	June 30, 2022
Dividend yield	0.0%
Volatility	77.0%
Risk-free rate of interest	2.93%

During the three months and six months ended June 30, 2022, the Company recognized stock-based compensation expense of $397 as a result of issuance of new stock option grants.

Performance Shares [Member]

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

Share Based Compensation Performance Shares Award Valuation Assumptions

	As of
	June 30, 2022
Dividend yield	0.0%
Volatility	78.0%
Risk-free rate of interest	*
* For each simulation trial, the risk-free rate of interest was estimated based on the treasury securities with a similar term.