Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

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

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		9,267,655			9.45
Vested		(12,964,063	)		10.55
Forfeited		(1,405,187	)		10.41
Non-vested as of December 31, 2022		60,107,275		$	10.72
Granted (1)		11,718,672			9.15
Vested		(20,857,865	)		10.37
Forfeited (2)		(1,269,753	)		9.02
Non-vested as of December 31, 2023 (3)		49,698,329		$	10.54

(1)During the year ended December 31, 2023, the Company granted 11,467,755 restricted stock and 250,917 restricted stock units to its employees, advisors and non-employee directors.

(2)During the year ended December 31, 2023, 1,241,675 restricted stock and 28,078 restricted stock units were forfeited.

(3)Includes 37,641,861 unvested Class A restricted stock, 11,169,137 unvested Class B restricted stock and 887,331 unvested restricted stock units as of December 31, 2023.

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 (per share)
Outstanding options as of January 1, 2022		887,662		$	3.53		4.19	$	5.28
Granted		575,250			10.82
Exercised		(315,430	)		0.63
Forfeited		(30,990	)		10.83
Outstanding options as of December 31, 2022		1,116,492		$	7.90		6.67	$	0.59
Granted		1,714,555			8.63
Exercised		(63,500	)		3.79
Forfeited		(147,610	)		7.65
Outstanding options as of December 31, 2023		2,619,937		$	8.49		4.97	$	0.57

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

20 Day VWAP of Class A common stock	Below $13.66	$	13.66	$	16.13	$	18.60	$	22.05	$	25.01	$	37.60
Percentage of target PSUs	0%	25%		50%		100%		150%		200%		300%

Summary of Performance Stock Unit Award Activity

Following is the summary of PSUs under the Company’s 2021 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			20.29
Outstanding as of December 31, 2022		3,479,500		$	12.38
Granted		1,538,925			21.04
Vested		(142,500	)		5.17
Forfeited		(120,250	)		14.76
Outstanding as of December 31, 2023 (1)		4,755,675		$	15.34

(1) Includes 275,500 PSUs with a fair value of $5.17, that are earned as based on the 20 day VWAP of our Class A common stock as discussed above.

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

	Year ended December 31, 2023
Dividend yield	0.0%
Risk free interest rate	5.33%
Volatility	39.6%

Stock Options [Member]

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

Share Based Compensation Stock Options Valuation Assumptions

	Year ended December 31, 2023
Dividend yield	0.0%
Volatility	51.0%
Risk free rate of interest	3.6%

Performance Shares [Member]

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

Share Based Compensation Performance Shares Award Valuation Assumptions

	Year ended December 31, 2023
Dividend yield	0.0%
Volatility	55.0%
Risk free interest rate	3.6%