Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.2
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 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 pursuant to a conversion ratio of one-for-two, and associated activity for the nine months ended September 30, 2021:

​

​

​

​

​

    

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 September 30, 2021

 

—

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

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​

​

​

​

​

​

    

Nine Months Ended

 

​

    

September 30, 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

​

​

​

​

​

​

​

​

    

Nine Months Ended

    

Weighted Average

​

    

September 30, 2021

    

Exercise Price

Outstanding at the beginning of the period

 

—

 

​

  

Granted

 

2,357,500

​

$

6.21

Vested

 

(788,167)

​

$

6.22

Exercised

​

—

​

​

​

Forfeited

 

—

​

 

  

Outstanding and expected to vest

 

1,569,333

​

$

6.20