Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
SHARE-BASED COMPENSATION  
Schedule of unvested Class A membership interest converted to common stock and associated activity

The following table summarizes the unvested Class A Membership Interests converted to common stock at a 1 for 2 ratio, and associated activity for the six months ended June 30, 2021:

    

Class A

Membership Interests

    

Converted to common stock 1 for 2 ratio

Unvested at December 31, 2020

 

200,463

Vested

 

(200,463)

Unvested at June 30, 2021

 

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

    

Three Months Ended

 

    

June 30, 2021

 

Expected term

 

6.2 years

Volatility

 

93

%

Dividend yield

 

%

Risk-free interest rate

 

1.08

%

Weighted average grant date fair value

$

4.75

Schedule of stock option activity

    

Three Months Ended

    

Weighted Average

    

June 30, 2021

    

Excersice Price

Outstanding at the beginning of the period

 

 

  

Granted

 

807,500

$

6.26

Vested

 

345,500

$

6.26

Forfeited

 

 

  

Outstanding and expected to vest

 

462,000

$

6.26