Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
SHARE-BASED COMPENSATION  
Schedule of unvested Class A membership interest converted to common stock and associated activity

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Class A

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Membership Interests

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Converted to common stock at one-for-two ratio

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​

​

Unvested at December 31, 2020

 

200,463

Vested

 

(200,463)

Unvested at December 31, 2021

 

—

Schedule of fair value of options using Black-Scholes option pricing model

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Year Ended

 

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December 31, 2021

 

Expected term

 

​

6.2 years

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Volatility

 

​

93

%

Dividend yield

 

​

—

%

Risk-free interest rate

 

​

1.09

%

Weighted average grant date fair value

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$

4.72

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Schedule of stock option activity

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Year Ended

    

Weighted Average

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December 31, 2021

    

Exercise Price

Outstanding at the beginning of the period

 

—

 

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Granted

 

2,357,500

​

$

6.21

Vested

 

(930,833)

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$

6.22

Exercised

 

—

​

 

  

Forfeited

 

—

​

 

  

Outstanding and expected to vest

 

1,426,667

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$

6.20