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Stock-Based Compensation and Other Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share Based Compensation Activity

The following table summarizes the activity in the Common Series C Units:

		Year Ended December 31,
		2022
Beginning of the period			166,790
Forfeitures			(33,900	)
End of the period			132,890

The following table summarizes the activity in the Common Series C-2 Units:

		Year Ended December 31,
		2022
Beginning of the period			29,875
Forfeitures			(4,780	)
End of the period			25,095

Summary of Performance Stock Units

Recognition of expense associated with performance-based stock is not permitted until achievement of the performance targets are probable of occurring.

(in thousands, except share and per share data) Performance Period		Number of Shares Threshold				Number of Shares Target				Number of Shares Maximum				Weighted Average Fair Value per Share				Maximum Remaining Unrecognized Compensation Expense				Weighted-average remaining requisite service periods
January 1, 2022—December 31, 2022			2,534,250				5,068,499				7,584,760			$	5.47			$	78,316				1.4 years
January 1, 2021—December 31, 2021			1,108,390				1,108,390				1,304,565			$	13.19			$	3,234				1.0 years

Common Series C Units [Member]

Schedule Of Assumption Used To Determine Fair Value

The following weighted average assumptions were used in determining the fair value of Common Series C Unit grants made during the year ended December 31, 2020:

		Year Ended December 31,
		2020
Grant date fair value		$	201.25
Dividend yield			0.0	%
Expected volatility			75.3	%
Risk-free interest rate			0.2	%
Lack of marketability discount			30.5	%
Expected term			1.0 years

Common Series C2 Units [Member]

Schedule Of Assumption Used To Determine Fair Value

The following weighted average assumptions were used in determining the fair value of Common Series C-2 Unit grants made during the year ended December 31, 2020:

		Year Ended December 31,
		2020
Grant date fair value		$	223.00
Dividend yield			0.0	%
Yield test probability			23.3	%
Cost of equity capital			11.8	%
Expected term			1.0 years

Common Series D Units [Member]

Schedule Of Assumption Used To Determine Fair Value

The following assumptions were used in determining the fair value of Common Series D Units:

		Year Ended December 31,
		2022
Grant date fair value		$	300.00
Dividend yield			0.0	%
Expected volatility			53.0	%
Risk-free interest rate			4.3	%
Lack of marketability discount			32.0	%
Expected term			1.9 years

Employee Stock Option Member

Summary of Stock Option Plan Activity

During the year ended December 31, 2022, the following activities involving stock options occurred under the Plan:

		Stock Options				Weighted Average Exercise Price
Outstanding at January 1, 2022			261,324			$	9.20
Granted			2,115,664			$	3.92
Forfeited			(261,324	)		$	9.20
Outstanding at December 31, 2022			2,115,664			$	3.92

Schedule Of Assumption Used To Determine Fair Value

The fair value of the employee stock options was estimated using the following assumptions for the periods presented:

		December 31,
		2022				2021
Share Price		$	3.92			$	9.20
Dividend yield			0.0	%			0.0	%
Expected volatility			34.4	%			28.7	%
Risk-free interest rate			2.9	%			1.1	%
Expected term			6.5 years				6.5 years

PSU[Member]

Summary of Stock Option Plan Activity

The following table summarizes the PSU activity for the year ended December 31, 2022:

		Performance Share Units				Weighted Average Grant Date Fair Value
Outstanding at January 1, 2022			2,609,079			$	13.07
Granted			5,727,905			$	5.46
Distributed			(665,306	)		$	13.06
Forfeited			(921,042	)		$	7.35
PSU performance adjustment			(377,572	)		$	11.19
Outstanding at December 31, 2022			6,373,064			$	7.05

Restricted Stock Units (RSUs) [Member]

Summary of Stock Option Plan Activity

During the year ended December 31, 2022, the following activities involving RSUs occurred under the Plan:

		Number of RSUs				Weighted Average Grant Date Fair Value
Outstanding at January 1, 2022			3,660,553			$	10.64
Granted			8,497,756			$	4.84
Distributed			(1,356,365	)		$	10.56
Forfeited			(1,225,184	)		$	7.46
Outstanding at December 31, 2022			9,576,760			$	5.91

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