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STOCK-BASED COMPENSATION
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION STOCK-BASED COMPENSATION
The following table summarizes share-based compensation expense included in general and administrative expenses within the consolidated statements of operations:

Three-month period ended March 31, 2022Three-month period ended March 31, 2021
Stock option expense$346 $335 
Restricted stock unit expense631 — 
Incentive units29 106 
Total stock-based compensation expense$1,006 $441 

The following table sets forth the stock compensation activity under the Holdings' equity plan, which was assumed by the Company, for three months period ended March 31, 2022:
Stock Option Activity
Number of SharesWeighted Average Exercise Price Per SharesWeighted Average
Remaining
Contractual Term
(years)		Aggregate
Intrinsic Value
(in thousands)
Outstanding at January 1, 20225,409,771 $1.27 4.1$37,542 
Granted— — 
Exercised— — 
Forfeited— — 
Outstanding at March 31, 2022
5,409,771 $1.27 4.1$34,187 
Vested and expected to vest at March 31, 2022
5,409,771 $1.27 5.1$34,187 
Exercisable at March 31, 2022
5,040,526 $0.98 3.7$33,327 

Restricted Stock and Performance Stock Unit Activity
Number of Shares
Outstanding at January 1, 2022— 
Granted4,036,403 
Vested(25,000)
Forfeited— 
Nonvested at March 31, 20224,011,403 
Earnouts
Number of Shares
Outstanding at January 1, 2022657,160 
Granted— 
Vested— 
Forfeited— 
Nonvested at March 31, 2022657,160 
Incentive Units
Upon consummation of the Business Combination on December 27, 2021, all of the incentive units, whether vested or unvested, outstanding immediately prior to the merger that were not settled as part of the transaction, were assumed by the Company and converted into class B common stock. The incentive units converted into class B common stock outstanding were 1,236,027 as of March 31, 2022.
Unrecognized compensation cost for unvested stock options, restricted stock awards, incentive units and performance stock units as of March 31, 2022 totaled $31,137, and is expected to be recognized over a weighted average period of approximately 3.16 years.