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Equity-based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Unit Activity | Restricted Stock Unit activity was as follows during the periods indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Restricted Stock Units
Unvested at beginning of period | 4,853,795 |  |  | $ | 56.74 |  |  | 985,398 |
Granted | 6,516,786 |  |  | $ | 46.81 |  |  | 2,719,862 |
Granted - performance-based | 147,445 |  |  | $ | 33.89 |  |  | — |
Vested | (821,561) |  |  | $ | 51.95 |  |  | (291,536) |
Forfeited | (1,280,906) |  |  | $ | 56.31 |  |  | (199,968) |
Unvested at end of period | 9,415,559 |  |  | $ | 49.99 |  |  | 3,213,756 |
Restricted Stock activity was as follows during the periods indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| Restricted stock |  | Weighted Average Grant Date Fair Value |  | Restricted stock
Unvested at beginning of period | 3,525,373 |  |  | $ | 9.21 |  |  | — |
Exchanged HoldCo Units | — |  |  | $ | — |  |  | 872,371 |
Exchanged Class P Units | — |  |  | $ | — |  |  | 947,515 |
Vested | (2,005,106) |  |  | $ | 4.60 |  |  | (385,120) |
Forfeited | (266,394) |  |  | $ | 5.72 |  |  | (926) |
Unvested at end of period | 1,253,873 |  |  | $ | 17.32 |  |  | 1,433,840 |
Schedule of Unvested Options Activity | Options activity was as follows during the period indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| Options |  | Weighted Average Exercise Price |  | Options
Outstanding at beginning of period | 417,085 |  |  | $ | 21.00 |  |  | 552,440 |
Exercised | (56,219) |  |  | $ | 21.00 |  |  | (64,519) |
Expired | (7,935) |  |  | $ | 21.00 |  |  | — |
Forfeited | (20,485) |  |  | $ | 21.00 |  |  | (20,191) |
Outstanding at end of period | 332,446 |  |  | $ | 21.00 |  |  | 467,730 |
Options have a maximum contractual term of ten years. The aggregate intrinsic value and weighted average remaining contractual terms of Options outstanding and Options exercisable were as follows as of September 30, 2022.
| September 30, 2022
Aggregate intrinsic value (in millions) |
Unit Options outstanding | $ | 6.9 |
Unit Options exercisable | $ | 5.2 |
Weighted average remaining contractual term (in years) |
Unit Options outstanding | 7.6 years
Unit Options exercisable | 7.6 years
Schedule of Unit Activities | HoldCo Unit activity was as follows during the periods indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| HoldCo Units |  | Weighted Average Grant Date Fair Value |  | HoldCo Units
Unvested at beginning of period | — |  |  | $ | — |  |  | 1,214,105 |
Exchanged for Restricted Stock | — |  |  | $ | — |  |  | (872,371) |
Vested | — |  |  | $ | — |  |  | (298,177) |
Forfeited | — |  |  | $ | — |  |  | (43,557) |
Unvested at end of period | — |  |  | $ | — |  |  | — |
Class P Unit activity was as follows during the periods indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| Class P Units |  | Weighted Average Participation Threshold |  | Class P Units
Unvested at beginning of period | — |  |  | $ | — |  |  | 8,796,642 |
Exchanged for Restricted Stock | — |  |  | $ | — |  |  | (1,133,142) |
Vested | — |  |  | $ | — |  |  | (4,506,931) |
Forfeited | — |  |  | $ | — |  |  | (94,621) |
Unvested at end of period | — |  |  | $ | — |  |  | 3,061,948 |
LTIP Unit activity was as follows during the periods indicated:
| Nine Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2021
| LTIP Units |  | Weighted Average Participation Threshold |  | LTIP Units
Unvested at beginning of period | — |  |  | $ | — |  |  | 47,620 |
Granted | — |  |  | $ | — |  |  | 247,045 |
Unvested at end of period | — |  |  | $ | — |  |  | 294,665 |
Schedule of Valuation Assumptions | The fair value of the ESPP purchase was determined using the Black-Scholes option pricing model with the following assumption ranges and fair value per unit:
| Nine Months Ended September 30, 2022
Volatility | 71.9%
Expected term | 0.5 years
Risk-free rate | 2.2%
Expected dividends | —%
Fair value per unit | $9.56
Summary of Unamortized Equity-Based Compensation Costs | As of September 30, 2022, unamortized equity-based compensation costs related to each equity-based incentive award described above is the following:
($ in millions, period in years) | Amount |  | Weighted Average Remaining Service Period
Restricted Stock Units | $ | 383.1 |  |  | 2.6
Common Stock Options | 0.2 |  |  | 0.9
Restricted Stock | 11.7 |  |  | 1.3
HSKB Incentive Units | 0.2 |  |  | 0.3
HSKB Phantom Units | 13.8 |  |  | 2.8
Employee Stock Purchase Plan | 0.6 |  |  | 0.2
Total unamortized equity-based compensation cost | $ | 409.6 |  |  | 2.6

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