Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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, 2020	—	—		—	—
Granted	12,806,407	$	4.23	—	—
Vested	—	—		—	—
Forfeitures	—	—		—	—
Balance, June 30, 2021	12,806,407	$	4.23		—
Balance, December 31, 2021	12,703,698	$	4.23	—	—
Granted	—	—		435,141	$	3.88
Vested	—	—		—	—
Forfeitures	(262,146)	4.23		—	—
Balance, June 30, 2022	12,441,552	$	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 June 30, 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, 2020	—	—		—	—
Granted	2,216,501	$	14.75	373,971	$	13.37
Vested	—	—		—	—
Forfeitures	—	—		—	—
Balance, June 30, 2021	2,216,501	$	14.75	373,971	$	13.37
Balance, December 31, 2021	4,460,772	$	14.43	706,750	$	12.73
Granted	11,326,599	5.38		—	—
Vested	(717,138)	12.44		(93,493)	13.37
Forfeitures	(293,538)	7.62		—	—
Balance, June 30, 2022	14,776,695	$	7.73	613,257	$	12.63