General form of registration statement for all companies including face-amount certificate companies

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of restricted and performance stock unit activity

 

Years ended
December 31,

   

2022

 

2021

Expected volatility

 

36.7 – 36.9%

 

52.5 – 52.9%

Expected term (years)

 

4.69 – 4.94

 

6.25

Risk-free interest rate

 

4.03% – 4.06%

 

1.08% – 1.46%

Expected dividends

 

0.00%

 

0.00%

Schedule of options outstanding

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

Outstanding as of December 31, 2020

 

2,345,559

 

 

$

0.77

 

$

1.59

 

$

779,457

Granted

 

1,726,488

 

 

$

1.10

 

$

1.94

 

 

 

Exercised

 

(31,255

)

 

$

0.47

 

$

1.13

 

 

 

Cancelled

 

(91,634

)

 

$

0.78

 

$

1.88

 

 

 

Outstanding as of December 31, 2021

 

3,949,158

 

 

$

0.91

 

$

1.74

 

$

2,992,895

Granted

 

166,927

 

 

$

1.31

 

$

2.50

 

 

 

Cancelled

 

(609,901

)

 

$

0.83

 

$

1.83

 

 

 

Outstanding as of December 31, 2022

 

3,506,184

 

 

$

1.87

 

$

1.87

 

$

6,554,541

Schedule of outstanding and exercisable options

 

Options Outstanding

 

Options Exercisable

Range of Excercise Prices

 

As of
December 31,
2022

 

Weighted
Average
Remaining
Contractual
Life In
Years

 

Weighted
Average
Exercise
Price

 

As of
December 31,
2022

 

Weighted
Average
Exercise
Price

$

0.63

 

$

0.70

 

284,137

 

3.02

 

$

0.65

 

284,137

 

$

0.65

$

1.13

 

$

1.46

 

473,796

 

6.01

 

$

1.29

 

370,618

 

$

1.25

$

1.94

 

$

2.50

 

2,748,251

 

7.61

 

$

2.10

 

1,444,609

 

$

2.03

$

0.63

 

$

2.50

 

3,506,184

 

7.02

 

$

1.87

 

2,099,364

 

$

1.70

Schedule of restricted and performance stock unit activity

 

Shares

 

Weighted
Average
Grant Date
Fair Value

 

Aggregate
Intrinsic
Value

Outstanding as of December 31, 2021

 

 

 

$

0.00

 

 

 

Awarded

 

3,149,800

 

 

$

4.73

 

 

 

Forfeited

 

(15,123

)

 

$

4.73

 

 

 

Outstanding as of December 31, 2022

 

3,134,677

 

 

$

4.73

 

$

11,723,692