Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Fair Value of Stock Options Granted Using e Monte-Carlo model

The fair values of the Service Condition Awards were calculated using the following assumptions as of the grant date on March 15, 2022:

		As of March 15, 2022
Strike price	$	6.03
Risk-free interest rate		2.1%
Expected volatility		70.0%
Expected dividend yield		0.0%
Expected term		6.25

Summary of Activity of Unvested Options

A summary of the status of unvested options granted under the 2021 Plan through March 31, 2022 is presented below:

	Market-Based Stock Options			Service-Based Stock Options
	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Balance, December 31, 2021	12,703,698	$	4.23	—	$	—
Granted	—	—		435,141	3.88
Vested	—	—		—	—
Forfeitures	(5,714)	4.23		—	—
Balance, March 31, 2022	12,697,984	$	4.23	435,141	$	3.88

Summary of Unvested Restricted Stock Units and Performance Restricted Stock Activity

A summary of the status of unvested RSUs granted under the 2021 Plan through March 31, 2022 is presented below:

	Restricted-Stock Units			Performance - Restricted-Stock Units
	Shares	Weighted Average Grant Date Fair Value		Shares	Weighted Average Grant Date Fair Value
Balance, December 31, 2021	4,460,772	$	14.43	706,750	$	12.73
Granted	7,454,302	6.02		—	—
Vested	—	—		—	—
Forfeitures	—	—		—	—
Balance, March 31, 2022	11,915,074	$	9.17	706,750	$	12.73