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STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 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 Months Ended June 30,Six Months Ended June 30,
2022202120222021
Stock option expense$337 $314 $683 $649 
Restricted stock unit expense2,667 — 3,298 — 
Incentive units10 29 39 135 
Total stock-based compensation expense$3,014 $343 $4,020 $784 

The following table sets forth the stock compensation activity under the Holdings' equity plan, which was assumed by the Company, for the six months period ended June 30, 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 June 30, 2022
5,409,771 $1.27 5.3$21,583 
Vested and expected to vest at June 30, 2022
5,409,771 $1.27 4.8$21,583 
Exercisable at June 30, 2022
5,133,541 $1.04 3.4$21,484 

Restricted Stock and Performance Stock Unit Activity
Number of Shares
Outstanding at January 1, 2022— 
Granted5,554,133 
Vested(46,204)
Forfeited— 
Nonvested at June 30, 20225,507,929 
Earnouts
Number of Shares
Outstanding at January 1, 2022657,160 
Granted— 
Vested— 
Forfeited— 
Nonvested at June 30, 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 June 30, 2022.
Unrecognized compensation cost for unvested stock options, restricted stock awards, incentive units and performance stock units as of June 30, 2022 totaled $36,448, and is expected to be recognized over a weighted average period of approximately 3.3 years.