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Equity
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Equity Equity
Non-Controlling Interest
The non-controlling interest represents the RSLIP Units held by holders other than the Company. As of December 31, 2020, the non-controlling interests owned 76.9% of the RSILP Units outstanding (which excluded the earnout interests that did not vest until January 2021). The table below illustrates a rollforward of the non-controlling interest percentage during the nine months ended September 30, 2021:
Non-Controlling Interest %
Non-controlling interest % as of December 31, 2020:
76.89 %
Issuance of RSILP units in connection with the vesting of earnout interest in January 2021
1.24 %
Issuance of Class A Common Stock in connection with the exercise of the Warrants
(4.98)%
Issuance of Class A Common Stock in connection with the vesting of certain share-based equity grants(0.23)%
Repurchases of Class A Common Stock
0.08 %
Issuance of Class A Common Stock upon the conversion of RSILP Unit Exchanges
(0.02)%
Non-controlling interest % as of September 30, 2021:
72.98 %
Treasury Stock
During the nine months ended September 30, 2021, the Company repurchased 218,589 shares of its Class A Common Stock at an average price of $15.85 and a total cost of $3.5 million. The repurchased shares are considered issued but not outstanding.