Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the year ended December 31, 2022:
Options Weighted
Average
Exercise Price
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Life
(years)
Intrinsic
Value
Outstanding – December 31, 2021 8,084,676  0.19  $ 0.21  5.6 $ 69,875 
Granted —  —  — 
Exercised (480,812) 0.18  0.22 
Forfeited —  —  — 
Outstanding – December 31, 2022
 7,603,864  $ 0.19  $ 0.21  4.6 $ 25,795 
Exercisable as of December 31, 2022
 7,603,864  $ 0.19  $ 0.21  4.6 $ 25,795 
Summary of Restricted Stock Activity

Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – December 31, 2021 2,373,523  $ 8.22 
Granted
 5,840,482  4.79 
Vested
 (646,166) 7.95 
Forfeited
 (101,203) 8.20 
Non-vested – December 31, 2022
 7,466,636  $ 5.52 
Summary of Stock-based Compensation Expense
Stock-based compensation expense for stock options and restricted stock units in the consolidated statements of operations is summarized as follows:
For the Years Ended
December 31,
2022		 September 30,
2021		 October 1, 2021 - December 31, 2021 (Transition Period)
Software development
 $ 941  $ 499  $ 297 
General and administrative(1)
 9,142  8,887  2,565 
Selling and marketing
 319  235  69 
Total stock-based compensation expense
 $ 10,402  $ 9,621  $ 2,931 
_________
(1) For the year ended December 31, 2022, the Company included an estimate of $2,125 in connection with the equity-based portion of Trinity’s contingent consideration with a corresponding amount within accounts payable and accrued expenses, expected to be paid in 2023 in respect of 2022 results.