Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2023 |
|---|
| Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted [Line Items] |
|
| Schedule of weighted average grant date fair value of options granted |
Assumptions used for the options granted during the twelve months ended December 31, 2022 are as follows:
|
|
|
|
|
|
Twelve Months Ended December 31, 2022 |
Expected Volatility |
|
81 |
% |
|
Expected Dividend |
|
— |
|
|
Expected Term in Years |
|
5.00 |
|
|
Expected Forfeitures |
|
0 |
% |
|
Risk Free Interest Rate |
|
0.99 |
% |
|
|
| Schedule of represents activity within the 2021 Plan |
The following table represents option activity since December 31, 2021:
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|
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Weighted |
|
|
Weighted |
|
|
|
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
|
|
|
|
Exercise |
|
|
Remaining |
|
Aggregate |
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|
|
Number |
|
|
Price Per |
|
|
Contractual |
|
Intrinsic |
|
|
|
of Options(1) |
|
|
Option(1) |
|
|
Term |
|
Value |
|
Options outstanding at December 31, 2021 |
|
|
1,248,618 |
|
|
$ |
24.00 |
|
|
7.6 Years |
|
$ |
121,108 |
|
Options granted |
|
|
196,728 |
|
|
|
28.30 |
|
|
|
|
|
|
Options exercised |
|
|
(232,042 |
) |
|
|
13.80 |
|
|
|
|
$ |
5,782 |
|
Options forfeited |
|
|
(100,962 |
) |
|
|
33.00 |
|
|
|
|
|
|
Options expired |
|
|
(15,844 |
) |
|
|
47.70 |
|
|
|
|
|
|
Options outstanding at December 31, 2022 |
|
|
1,096,498 |
|
|
$ |
25.66 |
|
|
6.6 Years |
|
$ |
5,234 |
|
Options exercised |
|
|
(151,278 |
) |
|
|
35.93 |
|
|
|
|
$ |
1,878 |
|
Options forfeited |
|
|
(84,054 |
) |
|
|
39.35 |
|
|
|
|
|
|
Options expired |
|
|
(16,132 |
) |
|
|
25.94 |
|
|
|
|
|
|
Options outstanding at December 31, 2023 |
|
|
845,034 |
|
|
$ |
26.83 |
|
|
5.6 Years |
|
$ |
32,628 |
|
Exercisable at December 31, 2023 |
|
|
751,981 |
|
|
|
23.52 |
|
|
5.6 Years |
|
$ |
31,108 |
|
Unvested at December 31, 2023 |
|
|
93,053 |
|
|
$ |
53.58 |
|
|
|
|
|
|
(1)
Prior period results have been adjusted to reflect the Reverse Stock Split of the Class A Common Stock at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
132,122
|
| Schedule of represents activity RSU and PSU |
The following table represents RSU and PSU activity since December 31, 2021:
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|
Market PSUs |
|
|
KPI PSUs |
|
|
RSUs |
|
|
|
|
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
|
|
Average Grant |
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|
|
|
|
Average Grant |
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|
Average Grant |
|
|
|
|
|
|
Date Fair |
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|
Date Fair |
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|
Date Fair |
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|
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|
Value |
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|
Value |
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|
Value |
|
|
|
Units(1) |
|
|
Per Unit(1) |
|
|
Units(1) |
|
|
Per Unit(1) |
|
|
Units(1) |
|
|
Per Unit(1) |
|
Units outstanding at December 31, 2021 |
|
|
— |
|
|
$ |
— |
|
|
|
— |
|
|
$ |
— |
|
|
|
20,908 |
|
|
$ |
179.00 |
|
Units granted |
|
|
334,001 |
|
|
|
26.10 |
|
|
|
89,064 |
|
|
|
59.00 |
|
|
|
714,704 |
|
|
|
53.00 |
|
Units forfeited |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(70,788 |
) |
|
|
57.00 |
|
Units vested |
|
|
— |
|
|
|
— |
|
|
|
(1,493 |
) |
|
|
33.00 |
|
|
|
(80,905 |
) |
|
|
83.00 |
|
Units outstanding at December 31, 2022 |
|
|
334,001 |
|
|
$ |
26.10 |
|
|
|
87,571 |
|
|
$ |
59.00 |
|
|
|
583,919 |
|
|
$ |
52.51 |
|
Units granted |
|
|
300,000 |
|
|
|
9.73 |
|
|
|
173,599 |
|
|
|
17.03 |
|
|
|
713,113 |
|
|
|
20.90 |
|
Units forfeited |
|
|
(308,614 |
) |
|
|
22.62 |
|
|
|
(25,336 |
) |
|
|
70.56 |
|
|
|
(130,939 |
) |
|
|
39.77 |
|
Units vested |
|
|
(26,493 |
) |
|
|
15.99 |
|
|
|
(41,942 |
) |
|
|
48.79 |
|
|
|
(343,359 |
) |
|
|
42.57 |
|
Units outstanding at December 31, 2023 |
|
|
298,894 |
|
|
$ |
14.16 |
|
|
|
193,892 |
|
|
$ |
22.12 |
|
|
|
822,734 |
|
|
$ |
31.58 |
|
(1)
Prior period results have been adjusted to reflect the Reverse Stock Split at a ratio of 1-for-30 that became effective April 24, 2023. See Note 1, “Description of Business and Basis of Presentation,” for details.
|
| Market PSUs |
|
| Stock-Based Compensation (Details) - Schedule of weighted average grant date fair value of options granted [Line Items] |
|
| Schedule of weighted average grant date fair value of options granted |
Assumptions used for the Market PSUs granted during the twelve months ended December 31, 2023 are as follows:
|
|
|
|
|
|
|
|
|
Twelve Months Ended December 31, |
|
|
2023 |
|
|
2022 |
|
Expected Volatility |
|
83 |
% |
|
53% - 80% |
|
Expected Dividend |
|
— |
|
|
|
— |
|
Expected Term in Years |
|
3.00 |
|
|
3.30 - 4.00 |
|
Risk Free Interest Rate |
|
4.72 |
% |
|
2.10% - 4.50% |
|
|