Post-effective amendment to a registration statement that is not immediately effective upon filing

Stock-based Compensation (Tables)

v3.22.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Restricted Common Stock Awards, Activity
A summary of the change in control restricted common stock activity awards for 2021 and 2020 is as follows:
 
    
Number of Shares
of Restricted
Common Stock
Awards
     
Average Grant-
Date Fair Value
1
  
Unvested at January 1, 2020
      —        $ —    
Granted
      1,799,811      $ 1.27  
Retroactive conversion of shares due to the Business Combination
      7,144,653      $ 1.27  
  
 
 
     
Unvested at December 31, 2020, as converted
      8,944,464      $ 1.27  
Granted
      2,086,827      $ 2.66  
Forfeited
      (904,698 )     $ 1.27  
Vested
      (4,647,142 )     $ 1.27  
  
 
 
     
Unvested at December 31, 2021
      5,479,451      $ 1.80  
  
 
 
     
 
1
These amounts give effect to the
1-to-4.969669
Stock Split in connection with the Business Combination that occurred in November 19, 2021.
Restricted Stock Unit, Activity
A summary of the change in control RSUs activity for 2021 (there was no activity prior to 2021) is as follows:
 
    
Number of
RSUs
     
Average Grant-
Date Fair
Value
1
  
Unvested at December 31, 2020
      —        $ —    
Granted and vested
      503,821      $ 9.60  
Retroactive conversion of shares due to the Business Combination
      2,000,003      $ 9.60  
Forfeited
      (2,485 )     $ 9.97  
Vested
2
      (105,550 )     $ 6.75  
  
 
 
     
Unvested and outstanding at December 31, 2021
      2,395,789      $ 9.73  
  
 
 
     
 
1
These amounts give effect to the
1-to-4.969669
Stock Split in connection with the Business Combination that occurred on November 19, 2021.
2
These shares were net settled for 45,396 shares to cover the required withholding tax upon vesting.