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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Assumptions in the Binomial Option-Pricing Model Used to Determine The Fair Value of Stock Options

The following table presents the weighted-average assumptions used to value options granted during the three months ended March 31, 2020:

2022: Expected term			6.0 years
Risk-free interest rate			0.9	%
Expected dividend yield			0.0	%
Expected volatility			60.7	%

Summary of Stock Option Activity

Activity with respect to stock options is summarized as follows:

		Shares				Weighted- Average Exercise Price
Options outstanding, January 1, 2022			34,709,027			$	0.64
Granted			—			$	—
Exercised			(3,336,683	)		$	0.45
Forfeited			(459,787	)		$	0.66
Expired			(2,595	)		$	0.69
Options outstanding, March 31, 2022			30,909,962			$	0.66
Nonvested options, March 31, 2022			22,213,714			$	0.71
Vested and exercisable, March 31, 2022			9,140,656			$	0.53

Chief Executive Officer [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Assumptions in the Binomial Option-Pricing Model Used to Determine The Fair Value of Stock Options

The following table presents the key inputs and assumptions used to value the options granted to the Chief Executive Officer on the grant date:

Remaining term			10.0 years
Risk-free interest rate			1.5	%
Expected dividend yield			0.0	%
Expected volatility			40.0	%

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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