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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Summary of Company's Stock Option, Activity

A summary of the Company’s stock option activity for the three months ended March 31, 2022 is as follows:

			Number of Common Stock Options			Weighted-Average Exercise Price			Weighted-Average Remaining Contractual Life (Years)			Aggregate Intrinsic Value
Outstanding as of December 31, 2021			3,375,000			$	15.23		—			$	—
Granted			251,918			4.77			—			—
Exercised			—			—			—			—
Forfeited			(1,499,822)			14.01			—			—
Outstanding as of March 31, 2022			2,127,096			$	14.85		9.34			$	—
Exercisable as of March 31, 2022			175,000			$	15.23		9.30			$	—

Schedule of Valuation Assumptions, Options

The fair value of each option grant during the three months ended March 31, 2022 was estimated on the grant date using the Black-Scholes option pricing model based on the following assumptions:

Volatility						65.00		%
Risk-free rate						1.71%
Expected term (years)						6.1 years
Dividend yield						0.00		%

Summary of Restricted Stock Unit, Activity

A summary of the Company’s restricted stock unit (“RSU”) activity for the three months ended March 31, 2022 is as follows:

			Number of Restricted Stock Units			Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2021			1,818,530			$	7.58
Granted			275,799			4.54
Vested			(25,671)			3.58
Forfeited			(566,232)			5.48
Unvested as of March 31, 2022			1,502,426			$	7.10

Summary of PSU Activity

A summary of the Company’s performance stock unit (“PSU”) activity for three months ended March 31, 2022 is as follows:

			Number of Performance Stock Units			Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2021			78,907			$	7.69
Granted			—			—
Vested			—			—
Forfeited			—			—
Unvested as of March 31, 2022			78,907			$	7.69

Schedule of Valuation Assumptions, Profit Unit Interests

The compensation expense accounted for all vested units based on the following assumptions:

Expected term						3 years
Volatility						68.0		%
Discount for lack of marketability						45.0		%
Risk free rate						0.2		%

Schedule of Profit Unit Interest

A summary of the Company’s profit unit interests activity for the three months ended March 31, 2021 is as follows:

												Avg Fair Value
						Units						at Grant Date
Outstanding at December 31, 2020						12,202,135						$	0.08
Granted						—						—
Forfeited						(54,800)						0.08
Outstanding at March 31, 2021						12,147,335						$	0.08

Schedule of Non-vested Units

A summary of the Company’s non-vested units activity for the three months ended March 31, 2021 is as follows:

												Avg Fair Value
						Units						at Grant Date
Non-vested units at December 31, 2020						4,738,333						$	0.12
Granted						—						—
Vested						(325,835)						0.15
Forfeited						(54,800)						0.08
Non-vested units at March 31, 2021						4,357,698						$	0.12

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