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

Class A

Membership Interests

    

Converted to common stock at one-for-two ratio

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

Year Ended

 

    

December 31, 2021

 

Expected term

 

6.2 years

Volatility

 

93

%

Dividend yield

 

%

Risk-free interest rate

 

1.09

%

Weighted average grant date fair value

$

4.72

Schedule of stock option activity

Year Ended

    

Weighted Average

    

December 31, 2021

    

Exercise Price

Outstanding at the beginning of the period

 

 

  

Granted

 

2,357,500

$

6.21

Vested

 

(930,833)

$

6.22

Exercised

 

 

  

Forfeited

 

 

  

Outstanding and expected to vest

 

1,426,667

$

6.20