Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Activity of Unvested Equity Incentive Awards by Award Type

The table below summarizes activity of unvested Equity Incentive Awards by award type from January 1, 2023 through September 30, 2023.

	RSA			RSU			PSU
	Number of Shares	Weighted-Average Grant Date  Fair Value		Number of Shares	Weighted-Average Grant Date  Fair Value		Number of Shares	Weighted-Average Grant Date  Fair Value
Unvested at January 1, 2023	122,755	$	6.13	4,774,971	$	6.28	241,072	$	4.62
Granted	—	—		3,266,244	4.65		3,851,427	3.83
Vested	(13,624)	6.18		(2,237,260)	6.20		—	—
Forfeited	(90,367)	5.83		(1,715,136)	5.45		(365,227)	4.24
Unvested at September 30, 2023	18,764	$	7.55	4,088,819	$	5.38	3,727,272	$	3.84

Schedule of Stock Options Activity

A summary of stock option activity for the nine months ended September 30, 2023 is presented below:

	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding at January 1, 2023	933,894	$	6.46
Granted	3,694,000	3.77
Exercised	(62,599)	6.50
Vested options expired	(423,213)	5.81
Outstanding at September 30, 2023	4,142,082	4.13		6.31	13,178,214
Exercisable at September 30, 2023	448,082	$	7.06	0.60	$	174,314

Schedule of Fair Value Assumptions

The Company estimated the fair value of the awards using a Monte Carlo simulation using the following assumptions:

	Assumption
Stock price on grant date	$	3.70
Exercise price	$	3.70
Risk-free interest rate	3.58		%
Expected volatility (annualized)	75.00		%
Dividend yield	—		%
Weighted average grant date fair value	$	1.93