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Restricted Stock Liabilities | 3 Months Ended
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Mar. 31, 2023
Restricted Stock Liabilities |
Restricted Stock Liabilities | 7. Restricted Stock Liabilities On December 15, 2020, the Company entered into an amendment for certain restricted stock awards and units that were previously issued to certain employees in connection with a previous merger with HubPages. Pursuant to the amendment, the Company agreed to purchase the vested restricted stock awards, at a price of $88.00 per share in 24 equal monthly installments on the second business day of each calendar month beginning on January 4, 2021, subject to certain conditions. The Company recorded the repurchase of 8,064 shares of the Company’s restricted common stock during the three months ended March 31, 2022 on the condensed consolidated statements of stockholders’ deficiency, representing a payment of $710, exclusive of imputed interest of $78, as reflected on the condensed consolidated statements of cash flows. On April 4, 2022, the Company paid $1,597 for the remaining 18,134 shares of the Company’s restricted common stock that were outstanding as of March 31, 2022 that were subject to repurchase. Further details are provided under the heading Repurchases of Restricted Stock in Note 17.

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